The Fiscal Cliff: A Return To Reason?

In the wake of the election, it’s nice to hear the usual DC suspects singing a tune of unity rather than obstruction. Time will tell if the principals in this stage show–President Obama, Senate Majority Leader Reid and Speaker of the House John Boehner–back up their words with action, but they seem to have received the message […]

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 […]

Tax Hike!!!!

My wife, Ellie, and I watch the Sunday morning news shows religiously each week. We usually remain fairly civil, even in the privacy of our own living room, but nobody brings out the wrath of the Kahns like Mitch McConnell, who was interviewed on This Week today. No matter how many times or how aggressively […]