I Pity the Fool Who Becomes the Next Secretary of Defense

More evidence--as though any were needed--that while Chuck Hagel is leaving the Pentagon, bad governance practices designed and implemented by the Obama White House will remain. And those practices have been around for a while: On a trip to Afghanistan during President Barack Obama's first term, Defense Secretary Robert Gates was stunned to find a …

Speaking of “Derpy” . . .

Look, I am no fan of Ron Paul's, and I don't take his views on monetary policy seriously. But this Paul Krugman hit piece is silly on multiple levels. You can't criticize the content of a televised presentation when the sound is off, leaving you unable to discuss anything that was said in the presentation. If you …

Halbig and the Failure of Port Side Wannabe Wonks

Sean Davis shows that when it comes to covering the Halbig case and its aftermath, the allegedly wonky bloggers and pundits on the port side of the partisan/ideological divide are not exactly setting any records when it comes to doing their jobs properly. As Davis points out, the pundits and bloggers in question have a strange propensity for …

Vox’s Detachment from Reality

Pascal-Emmanuel Gobry shows that "voxsplaining" is nothing more than taking a collection of talking points from the port side of the partisan divide and pretending that they explain complex policy issues, and further points out that those talking points are compiled in a manner that is at best misinformed, and at worst, utterly disingenuous. I think "disingenuous" …

Still More on the Piketty Wars

Responding to Piketty's response (linked here) to the charges raised by the Financial Times, Chris Giles notes that there remain concerns with Piketty's presentation: There are a few things on which we agree. First, the source data on wealth inequality is poor. I have written that it is “sketchy” and Prof Piketty says it is “much …

Understanding Paul Krugman on Thomas Piketty

Gentle readers, whenever Paul Krugman issues a defense of Thomas Piketty regarding the charges against the latter, by all means, be sure to read that defense. Be sure to consider its merits seriously. Be sure to closely and carefully examine the data Krugman might present in defense of his point and if Krugman actually makes a …

The Tragedy of Thomas Piketty

The latest Pikettian response to Giles's and Giugliano's assertions regarding the quality of Piketty's data and research is to accuse Giles and Giugliano of being "dishonest." (Hat tip in comments here.) I suppose this means that Piketty's is employing a classic I-am-rubber-and-you-are-glue-whatever-you-say-bounces-off-me-and-sticks-back-to-you defense, but there is little substance to the accusation; at best, Piketty can assert (without …

What the Piketty Errors Mean

Remember the Reinhart/Rogoff spreadsheet error? In the event that you do not, here is a summary. Those who follow debates between economists will recall that the spreadsheet error led to all kinds of excorations of Reinhart and Rogoff on the part of liberal economists, who claimed that Reinhart and Rogoff were responsible for austerity policies …

Facts Are Stubborn Things . . . As Thomas Piketty Is Beginning to Find Out

I have bought Thomas Piketty's book Capital in the Twenty-First Century, and while I have posted many an item that takes issue with the books claims and conclusions concerning wealth inequality, I do plan on reading Piketty; his book has made quite the intellectual and cultural impact, and although I know what his basic arguments are, …