Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Thursday, March 20, 2008

Econ Blogs

Given the tumult of the market, and a general interest in economics without any real training, I'm drawn to economically-oriented blogs. A few of the good ones I've dug up in recent days:

Monday, December 24, 2007

Dispatch from the Huckabus

Yes, Mike Huckabee calls his vehicle the Huckabus. And the Weekly Standard's Terry Eastland is aboard, discussing Huckabee's increasingly strident populism in an insightful article that's well worth reading.

Though neither would ever admit it, I see a lot in common (at least politically) between John Edwards and Huckabee. Both are smooth-talking Southerners, though while Huckabee was trying to convert the masses, Edwards was focused merely on a jury; both have to some degree repudiated the Bush administration's foreign policy, and espoused one of their own that is fundamentally naive. Both are playing to their party's core constituencies, though Huckabee is doing so with far more success than his Democratic counterpart. And most notably, both are espousing populist politics in increasingly aggressive tones. Both the parallels here are interesting - Edwards' conversion to Marxist rhetoric has been a matter of desperation; this wasn't so obviously his schtick in 2004. Huckabee, however, has embraced this air of "grievance" as he's risen in the polls - for him its opportunism. As Eastland points out, he's positioning himself against Romney both socially and economically, and doing both succesfully. Eastland goes so far as to suggest that the Huckabee campaign is attempting to realign the Republican Party (perhaps much the same way that Tancredo's one-trick pony campaign did with immigration).

To me, this effort is another reason to hate Huckabee. For years now, Republicans have largely had Democrats on the defensive economically - sure they still advocated stupid policies, but they were at least in favor of tax cuts; they'd conceded much of the economic middle ground to the GOP. A realignment such as Huckabee apparently envisions would do exactly the opposite - if populism became the order of the day, Republicans would be at a serious disadvantage to Democrats, whose constituencies are more universally in support of this. In contrast, a Republican nominee spouting populist trash would have to wage an intra-party civil war
to do so. Bottom-line: Huckabee's populism isn't just stupid (and bad economic policy), it's damaging long-term; as always, fear the law of unintended consequences.

UPDATE: Politico's Jonathan Martin has an interesting piece this morning situating Huckabee as the latest in a long line of Republican incumbents, including Robertson, Buchanan, and McCain. I don't know if I agree with all of it, especially the McCain part, however the second page is worth reading for the fervent religiosity that pervades Huckabee campaign stops, "polling data come alive," in Martin's words.

UPDATE 2: An interesting evangelical critique of Huckabee, thus meriting a religion tag on this post.

Friday, August 10, 2007

When Will Democrats Lash Out?

Yesterday's troubled markets (which, many analysts believe, will continue for a while) is partially the product of two prominent Democratic bogeymen: those "evil" sub-prime lenders and globalization. The mortgages offered by those sub-prime lenders have essentially been bundled and transformed into securities, sold around the world and thus transferring their risk around the world. This is why BNP Paribas halted withdrawals from a trio of funds yesterday, claiming that because of upheaval on the US credit market, they couldn't properly value the funds.

I haven't exactly scoured the web looking for it just yet, but I imagine that some Democrats will connect these dots and start brandishing their pitchforks in the near future. What they can do about it remains to be seen.

Tuesday, June 26, 2007

Tuesday, June 12, 2007

The Forgotten Man

Some might remember Amity Shlaes; she used to write a column for the Financial Times. Now she's the author of the just-released The Forgotten Man: A New History of the Great Depression. Conservative economic historians don't often write histories of the era (or write much history in general), and if the book is anything like Shlaes' eminently readable columns, it'll be a treat. Check out reviews from Powerline and Opinion Journal if you're curious.

Sunday, June 10, 2007

George Will Abuses Democrats

Today's WaPo has George Will viciously abusing Democrats on their collective economic policy (bad pun); Democratic candidates are rehashing the same old tripe they've been bemoaning for decades, hoping Americans are sufficiently fed up with the GOP to allow them to raise taxes. In addition to abusing their policy notions and setting the record straight on the economic health of the current administration (you wouldn't know the economy's been healthy and growing if you only listened to Democrats and the media), he rightly questions the underlying philosophy (all too infrequently critiqued):

When in the long human story have economic burdens and benefits been "spread evenly"? Does Obama think they should be, even though talents never are? What relationship of "fairness" does he envision between the value received by individuals and the value added by them?
Ouch. Fairness, when defined by the modern left is nefarious as well as a governmental concern. As the Gipper said, "the nine scariest words in the English language are: 'I'm from the government and I'm here to help!'"

It's ironic: at a time when parts of the Continent may finally be moving away from their long-cherished and viciously destructive tax-strangled welfare states, Democrats want to implement exactly the sorts of policies that have rendered Old Europe's economies so sclerotic. Hillary as the anti-Thatcher?