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Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “They had learned nothing, and forgotten nothing.” –Charles Maurice de Talleyrand-Périgord Biden Administration “The American Rescue Plan as Economic Theory” [J.W. Mason]. “The size and design of ARPA is a more consequential rejection of this [prevailing macroeconomic] catechism. Without being described as such, it’s a decisive recognition of half a dozen points that those of us on the left side of the macroeconomic debate have been making for years. 1. The official unemployment rate is an unreliable guide to the true degree of labor market slack, all the time and especially in downturns. … n… 2. The balance of macroeconomic risks is not symmetrical. We don’t live in an economy that fluctuates around a long-term growth ....
U.S. Sen. Tim Kaine took to downtown Fredericksburg on Friday morning to talk with business owners about how hard coronavirus hit them, and to discuss the federal help on its way. Even after playing a mean harmonica on the tune âArkansas Travelerâ at Pickerâs Supply with an employee and owner Bran Dillard, Kaine, DâVirginia, directed the conversation back to the legislation he voted for on Capitol Hill. During a visit to downtown Fredericksburg, Sen. Tim Kaine broke out his harmonica for a song at Picker s Supply. At the Soup and Taco Restaurant on Caroline Street, and at several other stops, Kaine said thereâs a provision in the just-passed $1.9 trillion COVID relief bill that will greatly benefit businesses in the broad category of food and food service. It was written with a wide scope, he said, to include restaurants, food trucks, distilleries and similar businesses. ....
U.S. Sen. Tim Kaine took to downtown Fredericksburg on Friday morning to talk with business owners about how hard coronavirus hit them, and to discuss the federal help on its way. Even after playing a mean harmonica on the tune âArkansas Travelerâ at Pickerâs Supply with an employee and owner Bran Dillard, Kaine, DâVirginia, directed the conversation back to the legislation he voted for on Capitol Hill. During a visit to downtown Fredericksburg, Sen. Tim Kaine broke out his harmonica for a song at Picker s Supply. At the Soup and Taco Restaurant on Caroline Street, and at several other stops, Kaine said thereâs a provision in the just-passed $1.9 trillion COVID relief bill that will greatly benefit businesses in the broad category of food and food service. It was written with a wide scope, he said, to include restaurants, food trucks, distilleries and similar businesses. ....