The Most Extraordinary Aspect of the Election is Not What You think!
America / Politics / U.S. Senate

The Most Extraordinary Aspect of the Election is Not What You think!

Following an election, market participants strive to explore the new political landscape. Pundits are commenting, and slowly but surely, people discover what the new landscape looks like. Interestingly though, if you ask political economists (sometimes called Public Choice economists) the most fascinating aspect of an election is perhaps not what parties gain control of which houses of … Continue reading

3 Reasons Why the Senate Chose Not To Go Nuclear
America / Constitution / Politics / Rule of Law / U.S. Senate

3 Reasons Why the Senate Chose Not To Go Nuclear

Over the course of the past few weeks, the Senate has been more hectic than usual. There has been much debate over the use of filibusters in the Senate, and the more often than not useless delays that they have been causing. Historically, the filibuster has been a way to obtain a bipartisan compromise; but … Continue reading

Like it or Not, House Republicans Need to Pass Immigration Reform
Immigration / Politics

Like it or Not, House Republicans Need to Pass Immigration Reform

Think immigration reform is passing Congress anytime soon? Think again. While the Senate may approve the bill, immigration reform faces little chance of passage in the House. Republicans might say that the Senate bill is too loose on border control, or they might object to amnesty. But the real reason immigration will fail is that … Continue reading

The Farm Bill: Convenient Coalition or Market Manipulation?
America / Fiscal policy / Tax / U.S. Senate

The Farm Bill: Convenient Coalition or Market Manipulation?

In early June, a coalition of urban and rural politicians in the Senate banded together to pass the Farm bill, a legislative piece that distributes welfare benefits to an unlikely pair: wealthy agro-businesses and the inner-city poor. Although widely popular among constituents, a common sense look at the bill reveals serious flaws. The Senate’s version … Continue reading

Economy

House Republicans challenge executive on budget trickery

House Budget Committee Chairman Paul Ryan (R-Wis.) led the charge today in confronting the President’s budget director on the real numbers behind the announced $4 trillion deficit reduction in the budget released on Monday. During the House Budget Committee hearing, Republicans grilled Acting White House Budget Director Jeffrey Zients on the difference between what the … Continue reading