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26 марта, 03:40

What About Trade Deficits, Anyway?: DeLong FAQ

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Q: Libertarian economic theorists tend to believe that trade deficits are of minimal importance. Do these deficits really have a great impact on America's economy? A: If the president and congress are not doing their job through fiscal policy--regulating government spending and taxing--and the Federal Reserve is not doing its...

26 марта, 03:33

Weekend Reading: Josh Barro: Healthcare: Republicans Lied. They Deserve Punishment

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**Weekend Reading: Josh Barro**: _[Healthcare: Republicans Lied. They Deserve Punishment][]_: "It's hard to decide which would be the more politically damaging outcome for Republican politicians... >...passing the American Health Care Act, and therefore owning the premium increases and coverage losses it would cause; or not passing the bill, and therefore...

25 марта, 20:56

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**Live from the Journamalists' Self-Made Gehenna:** Glenn Thrush and Maggy Haberman of the _New York Times_, in their eagerness to please their sources, cannot even remember what they themselves wrote 48 hours before, can they? **Ben Walsh**: _[The NYT on the 23rd vs. the 25th][]_: "Jared Kushner's opposition to ACHA...

25 марта, 18:09

Measuring Productivity Growth: No Longer So Live at Project Syndicate

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**[Measuring Productivity Growth][]:** The world's population today is about 20 times richer than it was back during the long Agrarian Age from 7000 BC to 1500, during which limited resources, slow technological advance, and Malthusian pressures kept the overwhelming proportion of human populations at near-"subsistence"--incomes of less than $1.50 per...

25 марта, 16:59

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**Should Read: Martin Longman**: _[Not Even Trump Supports the GOP Healthcare Bill][]_: "President Trump sent White House Budget Director Mick Mulvaney down to Capitol Hill... [Not Even Trump Supports the GOP Healthcare Bill]: http://washingtonmonthly.com/2017/03/24/not-even-trump-supports-the-gop-healthcare-bill/ >>...A rowdy group of Republicans burst out of the meeting like explorers on a quest for...

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25 марта, 16:44

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**Should-Read:** It was always just dingbat kabuki all the way down: **Joe Barton**: _[Representative, R-TX][]_: "[Asked by] reporters... why, after Republicans had held dozens of nearly-unanimous votes to repeal ObamaCare... [Representative, R-TX]: https://twitter.com/AliceOllstein/status/845373755136380929 >... under President Obama, they were getting cold feet now that they control the levers of power....

25 марта, 16:27

Weekend Reading: Tom Levenson: Why I Hate The NY Times, Part [n]

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**Weekend Reading: Tom Levenson**: _[Why I Hate The NY Times, Part n][]_: "This paragraph [by Margot Sanger-Katz]... >>...There is most likely a middle way. Republican lawmakers might be comfortable with a system that shifts more of the costs of care onto people who are sick, if it makes the average...

25 марта, 01:04

Weekend Reading: David Frum: Obamacare: The Republican Waterloo

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We all remember how seven years ago American Enterprise Institute head Arthur Brooks fired David Frum for saying that Republican root-and-branch opposition to ObamaCare was a mistake. Therefore I take some things in Frum's very good piece today with huge blocks of salt. These include the last paragraph. And I...

25 марта, 00:23

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**Must-Read:** I think Ezra has this wrong: Donald Trump may have "promised" lots of things, but why on earth would anyone think that he ever meant to keep any of those promises? Trump doesn't know enough about policy to have policy goals—it's reality TV, not reality. Trump did not get...

24 марта, 18:10

Procrastinating on March 24, 2017

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**Over at [Equitable Growth](http://EquitableGrowth.org): Must- and Should-Reads:** * **Dionna Cheatham & Gabriel Matthews**: _[Does Supplemental Security Income inhibit success? | Equitable Growth][]_ * **Nick Bunker**: _[How life experiences affect the views of U.S. monetary policymakers | Equitable Growth][]_ * **Kavya Vaghul**: _[Is an even larger pass-through business tax loophole destined...

24 марта, 17:45

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**Must-Read**: Ray Dalio often climbs to the top of my must-read list. (a) He is very sharp. And (b) he thinks very differently than I do (c) on subjects in which I have considerable expertise. That combination of (a), (b), and (c) means that I learn more from reading him...

24 марта, 15:43

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**Should-Read**: This doesn’t even make sense: Mick Mulvaney is about to break something, some states will then step in to fix it, and that makes it a “local problem” that we should not “look to the federal government to… fix”? This does not even make any sense at all. It’s...