Those State “Laboratories”: Examining Failed Tax Policy

Ah, federalism. Life in the 21st Century challenges our federalist system in a number of ways; it gets more and more difficult to decide–at least at the margins–what sorts of rules should be applied to the country as a whole, and what left to the individual states. However those issues get resolved, however, our federalist system pretty much guarantees that […]

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Crypto-Currency: Krugman Explains the Bitcoin


Bless Paul Krugman. His is the first explanation I can understand.  I have been reading about Bitcoin for a couple of years–about speculation in this “crypto-currency,” about competitors who are equally “crypto,” about people who are willing to be paid for goods and/or services in this new medium. The problem is, I can’t get my head around it. I know that […]

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Trump’s Economic Ignorance

Trump spoke of the Civil War and Andrew Jackson

One of the reasons I was a Republican back when that party actually existed was my belief in markets. I certainly understood that there are areas of the economy where markets don’t work–health care, for example–and I also understood the need for an “umpire”–regulations to ensure that competition occurs on that all-important level playing field. But with those caveats, I […]

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‘Job Creators’ and the Tax Bill

According to the Republicans pushing for its passage, the recent, massive overhaul of the tax code was a “middle-class” tax cut. Yes, they admitted that it bestowed largesse on the wealthy, and yes, they recognized that the benefits to corporate taxpayers dwarfed the pennies that the poor and middle-class will realize, but that, they assured us, was because the GOP […]

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Georgia Lt. Governor Cagle Threatens Delta Over NRA Sponsorship

Georgia Lt. Governor Casey Cagle Threatens Delta Airlines Over NRA Sponsorship

Georgia Lt. Governor Casey Cagle threatened Delta Airlines today over their decision to cut ties with NRA. In a tweet published to Twitter, he said, “I will kill any tax legislation that benefits @Delta unless the company changes its position and fully reinstates its relationship with @NRA. Corporations cannot attack conservatives and expect us not to fight back.” The tweet […]

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Ethics & Emoluments: The Trump Tower Quagmire

Trump emoluments ethics

A few days ago, I got an email from an old friend, asking me whether I’d seen the article about Trump’s myriad conflicts of interest in the most recent Forbes. I hadn’t. He very thoughtfully brought me a copy. After I had read it, I sat for awhile thinking about how diminished our expectations of presidential behavior have become. If any other President […]

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A Lesson On Know-Nothingness

GOP is the new Know Nothing Party thanks to the Tea party

Paul Krugman recently delivered a lesson on “Know Nothingness”–both as historical reference and descriptive term: If you’re a student of history, you might be comparing that person to a member of the Know Nothing party of the 1850s, a bigoted, xenophobic, anti-immigrant group that at its peak included more than a hundred members of Congress and eight governors. More likely, however, you’re suggesting […]

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Bread and Circuses: The GOP Cash Grab

“Bread and circuses” used to be a fairly common reference to the Roman government’s practice of distracting the masses by providing food (bread) and circuses (contests between lions and Christians, etc.) in order to keep them occupied. The term–used far less frequently these days– is a reference to superficial perks used to appease popular passions, a tactic to generate public approval […]

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