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By James Kwak Several of my friends, some of whom I haven't spoken with in a long time, have reached out to me over the past week to discuss what to make of last week's election. I imagine this is happening with a lot of people. Although I don't have any simple answers, I do have some thoughts on what we can do in response to the prospect of Donald Trump and the Republicans controlling the entire federal government, as well as a large majority of states. [ 1,676 more word ]

http://baselinescenario.com/2016/11/17/what-you-can-do-2

By James Kwak Several of my friends, some of whom I haven’t spoken with in a long time, have reached out to me over the past week to discuss what to make of last week’s election. I imag…
baselinescenario.com

New post: Narratives (and exit polls)

http://baselinescenario.com/2016/11/10/narratives

By James Kwak Two days later, some of the world’s leading newspapers—or their headline-writers, at least—are saying it was all or largely about race: The respective roles of race and class in…
baselinescenario.com
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By James Kwak This election day, spare a thought for the largest group of citizens who aren’t eligible to vote: children. When I was in high school, I believed strongly that there should be n…
baselinescenario.com

New post: Models of Economic Policymaking, on Democracy Against Domination by @ksabeelrahman.

http://baselinescenario.com/…/models-of-economic-policymaki…

By James Kwak The evening that he won the Iowa caucus in January 2008, Barack Obama said this: Hope is the bedrock of this nation. The belief that our destiny will not be written for us, but by us,…
baselinescenario.com

New post: The Last Chapter Problem, on The Reconnection Agenda by @econjared.

http://baselinescenario.com/…/10/29/the-last-chapter-problem

By James Kwak Like many analytically minded liberals, I’m good at identifying problems and less good at coming up with solutions—a common disease sometimes called the “last chapter prob…
baselinescenario.com

New post: Time to Vote (in MA); Vote No on 5 (Amherst)

http://baselinescenario.com/2016/10/24/time-to-vote-no-on-5

By James Kwak If you live in Massachusetts, early voting has begun. You can ask for an early ballot by mail, or just find a polling place here. This is what my town hall looks like today: Not surpr…
baselinescenario.com

New post: Ideas, Interests, and the Challenge for Progressives, on @rodrikdani and @rortybomb.

http://baselinescenario.com/…/ideas-interests-and-the-chall…

By James Kwak Mike Konczal wrote an article a few days back arguing that various progressive policies aimed at helping poor people would not be able to pry the “white working class” awa…
baselinescenario.com

New post: Structure and Superstructure, on @Noahpinion's latest column (and Karl Marx!)

http://baselinescenario.com/…/…/structure-and-superstructure

By James Kwak Noah Smith begins his latest Bloomberg column this way: Stanford historian Ian Morris is fond of saying that “each age gets the thought it needs.” According to t…
baselinescenario.com

New post: Economic Anxiety and the Limits of Data Journalism

http://baselinescenario.com/…/…/you-cant-get-there-from-here

By James Kwak There is ongoing battle among the liberal intelligentsia over “economic anxiety.” The basic question is whether economic factors—loss of manufacturing jobs, decline in liv…
baselinescenario.com

New post: The Problem with Personality Contests

http://baselinescenario.com/…/the-problem-with-personality-…

By James Kwak This presidential election has come down to a referendum on Donald Trump, the man muppet whatever he is. Tactically speaking, that’s probably a good thing. Trump is an absolutel…
baselinescenario.com

New post: The Absolutely Best Debate (no moderators, fact checking by the candidates!)

http://baselinescenario.com/…/10/08/the-absolutely-best-deb…

By James Kwak Judging from my Twitter feed, there is one thing that we all agree on after the first two debates (including Kaine-Pence): the moderators are useless. They ask dumb questions, they do…
baselinescenario.com

By James Kwak Last week, Council of Economic Advisers chair Jason Furman took to the Washington Post to announce that President Obama has "narrowed the inequality gap." Furman's argument, bolstered by charts and data from a recent CEA report, has won over some of the more perceptive commentators on the Internet, including Derek Thompson, who concludes that Obama "did more to combat than any president in at least 50 years. [ 1,503 more word ]

http://baselinescenario.com/…/is-inequality-rising-or-falli…

By James Kwak Last week, Council of Economic Advisers chair Jason Furman took to the Washington Post to announce that President Obama has “narrowed the inequality gap.” Furman’s a…
baselinescenario.com

New post: This Chart Does Not Say What You Think It Says

http://baselinescenario.com/…/this-chart-does-not-say-what-…

By James Kwak [Note: Usually I post things here first, then on Medium. This time I did the opposite.] Jason Furman, chair of the Council of Economic Advisers, is in a celebratory mood: Everyone tal…
baselinescenario.com

New post: Wells Fargo and the Cult of the Customer

http://baselinescenario.com/…/wells-fargo-and-the-cult-of-t…

By James Kwak “An unwavering focus on the customer.” Those words grace the cover of Wells Fargo’s 2014 annual report: The 2015 annual report features this: One can only wonder what the bank’s publi…
baselinescenario.com

New post: Yay! We're Almost as Rich as We Were in 1998!

http://baselinescenario.com/…/yay-were-almost-as-rich-as-we…

By James Kwak There’s been a fair amount of triumphalism about the Census Bureau’s recent report on income and poverty, which showed a 5.2% increase in median real household income from…
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New post: Confused About Taxes, on Mankiw's half-hearted attack on the estate tax.

http://baselinescenario.com/2016/09/12/confused-about-taxes

By James Kwak In the Times a couple of days ago, Gregory Mankiw made a half-hearted case for eliminating the estate tax that was so weak I’m not even sure he convinced himself. The core of hi…
baselinescenario.com

New post: Who Cares About the Clinton Foundation?

http://baselinescenario.com/…/who-cares-about-the-clinton-f…

By James Kwak Imagine that while George W. Bush was governor of Texas and president of the United States, various people and companies decided to write him checks for hundreds of thousands of dolla…
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