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Balance Sheet Wind Down Good, But Not Simple

Today the Federal Reserve is set to announce the schedule for unwinding its balance sheet. This is a step in the right direction, but it also has the potential to increase the risk of a recession. It’s past time to reduce the Fed’s balance sheet because its role in the economy is unnecessarily large. Show More Summary

Trump’s tax proposals are wildly out of sync with what most Americans would do, our new study shows

It’s no secret that the Trump administration needs a win. Since taking office, the president has not signed any major legislation into law, and the White House is regularly reported to be in turmoil. Both Republicans and the White House are hoping tax reform will be their big break. Since coming back from the August […]

My Conversation with Larry Summers

Larry was in superb form, and we talked about mentoring, innovation in higher education, monopoly in the American economy, the optimal rate of capital income taxation, philanthropy, Hermann Melville, the benefits of labor unions, Mexico,...Show More Summary

The U.S. has been arguing about the Bill of Rights since 1791

Welcome back to The Monkey Cage’s weekly presentation of Founding Principles, short videos designed to explain American government and how it works — in theory and in practice. We started by looking at the structure of the government...Show More Summary

Conversations with Alex!

Here’s the second MRUniversity video from India. It’s a little different than what we have done before and a bit of an experiment; an interview with Shannon D’Souza one of the proprietors of my favorite coffee shop in Mumbai, Koinoina Coffee. Show More Summary

Would Trump attack North Korea? Here’s what we learned from his ‘Rocket Man’ speech at the U.N.

 Donald Trump devoted a significant portion of his U.N. General Assembly remarks to North Korea’s nuclear and missile developments. Here are four things he told us (and didn’t). 1) The Trump administration really wants us to know that it  does not believe North Korea can be deterred. In recent weeks, top administration officials have suggested that […]

Japan (America) fact of the day

So consider the amount of standard daily doses of opioids consumed in Japan. And then double it. And then double it again. And then double it again. And then double it again. And then double it a fifth time. That would make Japan No. 2 in the world, behind the United States. That is from […] The post Japan (America) fact of the day appeared first on Marginal REVOLUTION.

Who’s complacent? Your teenager?

…teenagers are increasingly delaying activities that had long been seen as rites of passage into adulthood. The study, published Tuesday in the journal Child Development, found that the percentage of adolescents in the U.S. who haveShow More Summary

“Fate Is Uncertain for House GOP’s Campaign Finance Riders”

Bloomberg BNA: The House and Senate will negotiate several provisions curbing federal powers on campaign finance that were tacked onto the House’s $1.2 trillion spending package earlier this month. The Senate is not expected to pass the bill in its … Continue reading ?

“Trump using campaign, RNC funds to pay legal bills from Russia probe: sources”

Reuters: U.S. President Donald Trump is using money donated to his re-election campaign and the Republican National Committee to pay for his lawyers in the probe of alleged Russian interference in the U.S. election, two people familiar with the matter … Continue reading ?

Three Judge Court Severely Criticizes NC for Racial Gerrymander, and Explains Earlier Decision Not to Order Special Election

Back in July, after the Supreme Court stopped a special election for legislative districts in North Carolina after a finding of a racial gerrymander, and ordered a three-judge court to reconsider the issue, the three-judge court on remand decided to … Continue reading ?

“Time to Protect Our Democracy; Anthony Kennedy should follow Byron White’s guidance and strike down partisan gerrymandering.”

Palma Joy Strand, who worked with Justice White as a clerk on Davis v. Bandemer, has written this piece for Slate. … Continue reading ?

Tax Reform & the Low Income Housing Tax Credit

Republicans have promised major tax reform, and Cato has suggestions for policymakers. In today’s Wall Street Journal op-ed, Chris Edwards and I argue for the elimination of the Low Income Housing Tax Credit (LIHTC). For those unfamiliar with the program, LIHTC is a corporate tax loophole that endeavors to create low-income housing. Show More Summary

“”Election integrity’ means voter suppression”

Cynthia Tucker column: With Donald J. Trump as president, however, the GOP has abandoned any pretense of subtlety. Trump has plumped up the myth of voter fraud with outrageous accusations, incredible theories and charges that could not possibly be true. … Continue reading ?

The Sewanee Symposium: Enfranchising Equality: 150 years of the 15th Amendment

Very much looking forward to participating in this symposium, at the University of the South, Oct. 12-13. Historian Eric Foner is giving the keynote and I am excited! I’ll be presenting Race or Party, Race as Party, or Party All … Continue reading ?

Chicago-Kent Symposium: The Supreme Court and American Politics

Very much looking forward to delivering the keynote address at this symposium with a great lineup at Chicago-Kent on October 17. It will be a great homecoming, as I taught first at Chicago-Kent (1994-97). In the keynote, I’ll be previewing … Continue reading ?

Senate Passes a Pentagon Budget, but a BCA Trainwreck Looms

By a vote of 89-8, the Senate yesterday passed a $700 billion defense budget. That isn’t particularly newsworthy. As the New York Times reported, “The vote marked the 56th consecutive year that Congress has passed the defense policyShow More Summary

“Has the Top Two Primary Elected More Moderates?”

Eric McGhee and Bors Shor in Perspectives on Politics: Party polarization is perhaps the most significant political trend of the past several decades of American politics. Many observers have pinned hopes on institutional reforms to reinvigorate the political center. The Top … Continue reading ?

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