Archive for the ‘New Posts’ Category


October 17th, 2017

Over at WaPo, thoughts on strengthening a weak link in our tax system: that between asset appreciation and tax revs. Also, re NAFTA, mend end but don’t end it. And less fear mongering over tariffs. I don’t want to see them either, but the extent to which the reporting has largely featured advocates of the… Read more

I got issues with the new CEA report

October 16th, 2017

First, full disclosure: Kevin Hassett, the chair of Trump’s CEA, is an old friend, a good dude, and a guy I’m happy to see in this prominent post. But even as I endorsed him for the job, I publically worried about one area of his research where his claims go way beyond the evidence and… Read more

Trump’s two-step: Health care and fiscal sabotage

October 13th, 2017

I wanted to bang out a quick note tying a few points together regarding health care and tax policy. When President Trump said yesterday that his new health care executive order directing agencies to allow people to buy health coverage that doesn’t have to meet ACA standards “will be costless to the government,” he was… Read more

Tax versus fax

October 13th, 2017

Of course, we must inject factual analysis into a tax debate that is dominated by fantasies about how tax cuts pay for themselves as their benefits trickle down from zillionaires to the middle class. But the salesforce behind these cuts have not been moved one iota by these facts, and I thus conclude it will… Read more

Data note re WaPo wage story

October 9th, 2017

Here are my thoughts on why wages aren’t growing more quickly, in WaPo. The model I used is sort of like that of the Fed’s in the Yellen speech cited in the piece. Using quarterly data for the hourly wage of production, non-supervisory workers from 1989q1-2017q2, it regresses year-over-year nominal growth on “slack” (the unemployment… Read more