There are no economists at ThisWeekInStupid. But, that’s not going to stop us from weighing in any more than it stops economic ignoramuses like Paul Ryan, Bernie Sanders or Peter Schiff. Recently, we penned a piece opposing a minimum wage hike, or at least suggesting that there were plenty of other ways to help minimum […]
Ben Howe says today’s GOP is different from GOP circa 2006–that we should stop holding the budget-busting, war-mongering actions of Bush-era Republicans against today’s fiscally responsible, TEA party Republicans. This is not your father’s GOP. This idea is getting some traction. There is some wishful thinking out there that this time your vote for Republicans […]
In 2003, I was a Republican and yet the idea of the Republicans controlling both houses of Congress and the Presidency made my blood run cold. At that time, George W. Bush had inherited a budget surplus. Liberals are fond of pointing this out claiming it as proof of the efficacy of Bill Clinton’s Presidency, but […]
Obama’s first 6 years have been characterized by government gridlock, budget deficits and, depending on your perspective, steady but slow economic recovery. Democrats, as the Party that still believes public policy should be tied to objective reality, need to get our collective head straight concerning what this experience tells us about deficit spending and economics. […]
To avoid “unintended consequences,” Republicans prefer to advance ideas which are manifest bullshit from the get-go. If I can’t rule out that a policy will give different results than the ones I intended, the best policy, they seem to argue, is to pursue nonsensical or even Machievellian goals, hoping to stumble into good results. Take, for example, this circa 2003 Republican policy proposal.
Inheritance tax is, by far, my favorite tax. If you concede that there’s any reason for government spending, spending the money of people who don’t eat, work, spend money, recreate or procreate is the best scenario of all. Which is why I was surprised to read un-stupid Harvard economist Greg Mankiw defending massive inheritance in the New York Times.