In Defense of the Establishment

Conor Friedersdorf remarks on an interesting problem with Herman Cain’s campaign: Cain’s appeal is that he is an outsider who will challenge conventional wisdom in Washington. But because Cain’s policy ...

Art Laffer Spouting Nonsense on 9-9-9

I guess somebody had to try to defend Herman Cain’s 9-9-9 plan. Art Laffer does so in today’s Wall Street Journal, but his defense is really embarrassing. First, Laffer describes the ...

Several New Problems For 9-9-9

Last week, I wrote that Herman Cain’s 9-9-9 plan includes a “lightly-modified VAT.” Since then, his campaign has modified the plan posted on the web, and the proposal got even ...

The Underpants Gnome Theory of Social Change

It’s not just me. Now Barney Frank is warning that Occupy Wall Street’s disdain for the political system renders them ineffective. He says: [S]imply being in a public place and voicing ...

Steve Wozniak and Incentives

Over at ThinkProgress, Matt Yglesias looks at the relative fortunes of various tech billionaires and concludes that the estate tax can’t have much of an effect on technological output. In ...

Occupy Wall Street and Student Loans

One remarkable facet of Occupy Wall Street is how focused the protesters are on student loan debt. A few thoughts about this: Many college grads have good reason to be upset. ...