Ben Bernanke to Speak at Princeton Graduation
Former chair of the Princeton Economics Department will return to deliver Baccalaureate address
On the Newsstand:The Fed
Occupation With No End?
The Occupation of Wall Street might not have any concrete goals, but that shouldn't detract from its importance.
Taking Stock of the Spill
Apparently, Obama’s BP Oil Spill performance has been a total disaster. Just check the news. He’s weak, aloof, unemotive, Maureen Down explains. “Mr. President, take command,” David Gergen urges on CNN. James Carville exhorts: “This president needs to tell BP, “I’m your daddy.” And Peggy Noonan, writes, simply, for WSJ: “I don’t see how you politically survive this.” Count me among ... Read More
Rand Paul a Racist? I Think Not.
Sam Barr’s most recent post makes the rather shocking claim that Rand Paul, the Republican nominee for the U.S. Senate seat in Kentucky being vacated by the retiring Jim Bunning, is a racist, or at least that he is not a non-racist. Sam deduces this from the fact that Mr. Paul is not a “consistent libertarian,” that he “picks and ... Read More
Rand Paul: Against the Civil Rights Act
As I said yesterday, the Kentucky Senate race between Rand Paul and Jack Conway should be a real battle. Paul is probably not helping himself by insisting, as many libertarian ideologues but few Senate hopefuls do, that the 1964 Civil Rights Act was wrong to ban racial discrimination in private establishments like restaurants and movie theaters. INTERVIEWER: Would you have ... Read More
Weighing in on Robin Hood Again
Peyton has posted a rejoinder to Max, trying to buttress his initial claim that it is “inappropriate for 73 percent of federal income taxes to be paid by 10 percent of the American population.” I am struck by a few things from Peyton’s post, and I want to pull them out and talk about them directly. First, Peyton argues that ... Read More
Robin Hood Strikes Again, Part 2
In his April 11 post, “Weighing In: The Great Tax Debate,” Max Novendstern rebuts my most recent argument that it is inappropriate for 73 percent of federal income taxes to be paid by 10 percent of the American population. Since our disagreement is to at least some extent based on our differing conceptions of fairness, I will offer only a ... Read More
Justice Stevens Lets Go — Better Hang On!
My Harvard Independent column for this week addresses the retirement of John Paul Stevens and the issue of picking his successor. Read the original here. If they made posters of Supreme Court Justices, I’d put John Paul Stevens on my bedroom wall. The man is a progressive hero — first and foremost, for his longevity. In 2006, the liberal radio ... Read More
Weighing In: The Great Tax Debate
The Great Tax Debate begins every year in the blogosphere around April 15th. On the line are normative claims, like whether and to what extent we should be distributing resources communally. But the facts are easy to get wrong too. So today I thought I’d lay out some factual correctives to Peyton’s exemplar of the Great Tax Debate form, “Robin ... Read More
Robin Hood Strikes Again
For nearly half of American households this year, April 15 will be no different from any other day. AP’s Stephen Ohlemacher reported on Thursday that, according to the Tax Policy Center in Washington, about 47 percent of Americans will pay no federal income taxes for FY2009, either because their incomes were too low, or they qualified for enough credits, deductions, ... Read More
