Archive for the ‘New Posts’ Category

Dylan Matthews’ critique of my UBI view is mistaken, but here’s a better one

July 24th, 2017

In pushing back on an argument against Universal Basic Income (UBI) plans, Dylan Matthews engages in a curious non-sequitur. Let me point out where he’s wrong but offer him a more salient contradiction in my position. Matthews, in defending the idea that “every American gets a basic stipend from the government,” quotes me as follows:… Read more

How R’s on the House Finance Committee want to go after the Fed’s independence, and why that’s a terrible idea.

July 20th, 2017

I testified this AM at the House Finance subcommittee on monetary and fiscal policy. Three R witnesses and yours truly, so I didn’t get to say all I wanted—after all, monetary and fiscal covers a lot of ground! So, why else have a blog if I can’t use it to post the stuff I didn’t have… Read more

Links to start the week: “That horse ain’t real,” Reeves v. Samuelson, Why R’s don’t understand insurance.

July 17th, 2017

First, an excellent video-metaphor for the R’s health-care replacement ideas thus far. I particularly like the way the real horse shakes its head in a kinda equine WTF moment after it checks out the other “horse.” Second, given that Ben S and I featured Richard Reeves talking about his new book “Dream Hoarders” in our… Read more

The deficits generated by Trump’s budget are much bigger than CBO’s estimates

July 13th, 2017

The figure below, from Senate Budget Committee staffer Bobby Kogan, shows four different estimates of projected budget deficits as shares of GDP: –The lowest line is the administration’s own estimate, showing how if you buy their numbers–and if you do, I’ve got a bridge to sell you–the budget balances by 2027. –The next line up… Read more