Archive for the ‘Politics’ Category

A few words on Charlottesville

August 14th, 2017

I very rarely stray from my political econo-lane here at OTE, of which I’m duly proud. As some famous philosopher said, “That of which we do not know, we must not speak.” Clearly, he wasn’t a DC pundit. But I live in Virginia, a few hours away from Charlottesville. I had dinner last night with… Read more

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

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

KS legislature for the win!

June 8th, 2017

Really happy to see the Kansas legislature reject the predictably failed supply-side tax cut “experiment” that’s been whacking the state’s coffers since 2012. Over at WaPo but one extra note here. I’ve heard some supporters of the cuts–and there are surprisingly few, which I consider another gain for humanity–argue: “But KS is adding jobs; GDP… Read more