Alexandra Jaffe of National Journal reports that Mitt Romney is opposed to a third round of quantitative easing. This doesn’t come as too much of a surprise, but one wonders if the former Massachusetts governor might endorse monetary expansion if he is elected president. Recently, Josh Barro speculated as to the contours of fiscal policy under a Romney administration, arguing, among other things, that Romney would be reluctant to embrace deep Medicaid cuts and that he might embrace fiscal stimulus through an ambitious effort to restructure underwater mortgages. I find the latter prospect unlikely, but I wonder if embracing a higher inflation target might be another route to the same end. As Steve Randy Waldman has observed, the “median influencer” in the U.S. is strongly opposed to inflation, which makes this a risky strategy. But it might prove preferable to the alternatives.
American government is supposed to look and sound like George Washington. What it actually looks and sounds like is Henry Hill from Goodfellas: bad suit, hand out, intoning the eternal mantra: “F*** you, pay me.” American government mostly works by interposition, standing between us, the free people at ... Read More
The Russians are engaged in “information warfare” against the United States. That was the big soundbite at Deputy Attorney General Rod Rosenstein’s press conference Friday afternoon, announcing Special Counsel Robert Mueller’s election-meddling indictment against 13 Russians and three Russian ... Read More
It has become more urgent to ask: Why is there a special counsel in the Russia investigation? At this point, that question should be put to the Justice Department’s Office of Legal Counsel — in the federal government, it’s the lawyers’ lawyer. To get down to brass tacks: May the president of the United ... Read More
To understand the American gun-control debate, you have to understand the fundamentally different starting positions of the two sides. Among conservatives, there is the broad belief that the right to own a weapon for self-defense is every bit as inherent and unalienable as the right to speak freely or practice ... Read More
The Marvel Cinematic Universe (MCU) first infantilizes its audience, then banalizes it, and, finally, controls it through marketing. This commercial strategy, geared toward adolescents of all ages, resembles the Democratic party’s political manipulation of black Americans, targeting that audience through its ... Read More