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This AMs papers: stocks, bonds, and the budget parity principle
I’ve got a piece in WaPo this AM on the Trump stock market rally and what it tells you about the current dynamic, where the markets are just shaking off the fact that DC is pretty much in chaos. While...
View ArticleICYMI: 8 problems with Trump’s ‘budget’ (with a side of thoughts about...
Over at WaPo. One thought about point #7: 7) While analysis of this budget proposal has been extensive, there is one point on which I’ve seen too little analysis: Does the Defense Department really...
View ArticleReflections on Trump et al’s weirder than weird economics interview
Yes, there was probably a bit more than the usual dose of cray-cray in President Trump’s interview with The Economist yesterday. But I just can’t muster the energy to crack wise about all that, other...
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Potential growth and phony budgeting
The WSJ has a piece out this AM making an argument that’s become common from economists who think about growth, myself included: there’s no good reason to expect team Trump to achieve their 3 percent...
View ArticleICYMI–WaPo posts
First, Trump’s first full budget is out tomorrow and man, what a mess. Just a massive shift in resources from the poor and middle class through vicious spending cuts to the wealthy in tax cuts. And...
View ArticleCatching up on some links…
…to stuff in faraway lands. EG, here’s a piece in the NY Daily News wherein I argue that for all the voices proclaiming that Trump’s really nasty and thoroughly mathematically challenged first budget...
View ArticlePolitically motivated attacks on the CBO from team Trump?! I’m shocked…
Over at WaPo, but I suspect OTE readers will have thoughts to add on this one. I myself often mix it up with CBO re assumptions/results. Recall a set of pieces on both their minimum wage and overtime...
View ArticleOne more point about the KS legislature’s KO (Kansas Override) of supply-side...
I’ve been citing the KO–the Kansas legislature’s override of Gov. Brownback’s veto, thus pulling the plug on the state’s failed experiment with supply-side tax cuts–ever since I heard about it, as have...
View ArticleA few links: eroding norms and the limits of presidents re the economy
I’ve had a couple of WaPo posts out to which I’ve been meaning to link. This first one, on the warp speed of norm erosion in the Trump era, has the interesting feature that its shelf life was vastly...
View Article#Fiscal_Friday: Three fiscal points to absorb before you start your weekend
–Deficit neutral vs. revenue neutral: This is really important and while the distinction is straightforward, I’m seeing some confusion out there. The R’s get this and they’re clearly, though subtly,...
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