What Would Republicans Say If Democrats Tried Extortion, Too?

Negotiation occurs when two parties stake out principled positions and work together to achieve reasonable compromise. Sometimes one party has more bargaining power and may negotiate a favorable deal. But extortion occurs when a person uses coercion–threats of harm–to establish bargaining power where none otherwise exists. Raising the federal debt ceiling is a routine administrative […]

Deficits, Taxes & Shared Pain

I’m not an economist, but I played one in college–well enough to know that if you put 100 economists in a room, you’ll get at least a dozen inconsistent theories (and the makings for a really exciting cocktail party!). I believe there is no economic basis for choosing between spending cuts and tax increases. As […]