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he US can borrow money for free – actually, for a profit. Investing in US debt is so attractive, and interests rates are so low, that investors are essentially saying, “We’ll give you $100 now if you give us $99.20 in 10 years.” Investors are paying the United States Government to watch their money. Why is that?
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The fiscal cliff is not nearly as imminent a disaster as we have been led to believe. The terminology of it, calling it a “cliff”, is also very misleading. As Matt Yglesias points out, a cliff implies that going over the edge is disastrous, irreversible even. In reality the fiscal cliff is a series of …
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There were two interesting pieces I read at the end of last week which I think really capture the importance of this election. Ezra Klein thinks that this cycle’s most important issue is Obamacare, and I agree. He writes, Any given presidential election is usually less consequential than the competing campaigns suggest…This election isn’t like …
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The Electoral College

October 25th, 2012 | Posted by Josh McCrain in Uncategorized - (0 Comments)

First, a big thanks to Joshua Tucker at The Monkey Cage for allowing me to make a guest post on such a terrific blog.  You can find that post here. In that post, I attempted to make an argument in partial defense of the Electoral College.  As Josh Tucker points out, there is a non-trivial chance …
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