The Economics of Pot and the Nature of the “Obvious”

Yglesias highlights a new book that argues:

There’s been relatively little analysis of what a legal marijuana industry might look like. One key but little-appreciated fact is that, according to persuasive research by Jonathan Caulkins, Angela Hawken, Beau Kilmer, and Mark Kleiman in their new book Marijuana Legalization: What Everyone Needs To Know, is that [...]

Broaden the Bain Focus

So I was recently invited to start posting on perhaps my favorite blog, Balloon Juice.

Crossposting my first substantive post:

Broadening the Bain Focus

In addition to the political benefits for Obama, another interesting dynamic is that attention to Romney’s career in the financial sector is, I think, prompting some additional attention to dubious practices [...]

A Government Takeover of Healthcare?

So, I often get myself in trouble for ascribing unflattering motivations to people with whom I disagree. But I come upon that honestly, so to speak. I assumed that most people writing about public policy or international affairs are reasonable intelligent and well-informed, and thus when they make demonstrably false arguments or patently idiotic ones, [...]

A Gloomy Prediction on Taxes

Matt Yglesias ponders the Democrats’ bizarre approach to negotiating with the GOP on taxes. He concludes:

Instead the party seems to be in the grips of a dangerous obsession not with increasing tax revenue but with getting Republicans to vote for an increase in tax revenue. The Obama administration appeared to believe in the winter [...]

If You Ask the Wrong Questions, You Get the Wrong Answers

Josh Marshall published a rant from a reader today explaining, I guess, why some people are anti-union. A snippet:

On my Son’s little league team, one of his teammates father was a teacher in the LAUSD. He told me that he wouldn’t know what to do if he had to work in the summertime. Really? [...]

Visibility and Resentment — Musings on Inequality

Well, that Wisconsin election is definitely deflating isn’t it? Here we have a case — a clear case documented in the Scott Walker’s own words — of a governor lying to the public, using a false pretense to launch an assault on public employees, and doing so in coordination with a reactionary billionaire from out [...]

Allocating Blame For the Economy

So, the latest dismal job numbers have renewed the Washington, DC blame-game. President Obama and the Romney campaign traded barbs:

The Obama campaign said Congress had not acted on initiatives that would lead to more hiring of teachers and construction workers. However, Romney campaign adviser Eric Fehrnstrom put the blame on Obama and touted Romney’s [...]

Spending Trends and Taxes

From Marketwatch:

Here are the facts, according to the official government statistics:

• In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.

• In fiscal 2010 — [...]