A signal is only informative if it’s costly enough that it can’t be faked. The logic runs through Spence’s job market model, through deterrence theory, through free speech doctrine, through protest and repression, through campaign finance. Posts under this tag are about situations where the cost of the message is the message — and what happens when the cost structure changes.
The debt ceiling drama is inexorably drawing to its next installment, and the question remains: when and, more importantly, how will a deal get done? To keep matters simple, President Obama and Congressional Democrats have stood by the long-standing pledge to not negotiate on the debt ceiling, but some Congressional Republicans have been pushing for … Read more
All is not well in Thaliand, where the opposition Democrat Party is calling for its supporters (some of whom have been actively protesting for months now) to boycott today’s parliamentary elections. Boycotting elections is not uncommon: indeed, opposition parties have recently boycotted elections in Bangladesh and the main Islamist opposition party is calling for a boycott … Read more
Tonight, President Obama will deliver the State of the Union speech, or SOTU. The SOTU is an odd creature. It is an annual opportunity for the President to directly address Congress on whatever he wishes—a time to “show his hand” for the upcoming year. From a “math of politics” perspective, there are at least three … Read more
So, the Federal Government is once again approaching the debt ceiling. Senate Minority Leader Mitch McConnell has said that he thinks that “…for the president to ask for a clean debt ceiling, when we have a debt the size of our economy is irresponsible. So, we ought to discuss adding something to his request to … Read more
Tonight’s Golden Globes reminded me of a point I haven’t seen made (though I am sure somebody has made it). Namely, why do actors and actresses thank a whole bunch of other people when they are on TV in front of millions of viewers who hate watching actors and actresses thank a whole bunch of other people? … Read more
There is an excellent piece in the New York Times by Jeremy W. Peters describing the outcome of last night’s (temporary) resolution to the debt ceiling and funding showdown. A quote stuck out at me: Others could not explain why it took so much damage, to their party and the millions of people inconvenienced and worse by … Read more
White House Press Secretary Jay Carney just argued that, if the House Republicans won’t allow a default, why would they not give a longer extension of the debt ceiling, instead postponing another round of brinksmanship in 6 weeks, which—the argument goes—will merely lead to another extension, with arguably deleterious impact on the economy and financial … Read more
Before getting into today’s post, I wanted to point out this excellent post about the discharge petition by Sarah Binder. I was both embarrassed and relieved when I read it, because it predates and more eloquently states what I did about the practical difficulties with using the discharge petition. Sarah knows her stuff so, as I … Read more
So, the shutdown continues. Indeed, it seems to me that the collective conscience has accepted that the shutdown will continue until mid-October, when we can get a “two-for-one” CR-Debt Ceiling deal. Kind of makes sense, in a sad way. Anyway, the topic of today’s post is the uncomfortable position of Speaker John Boehner, who may … Read more
So, as you might very well have read (and probably predicted): the House has attempted to present President Obama with the facile Faustian bargain of averting government shutdown by agreeing to repeal the Affordability Care Act (ACA, or “Obamacare”). I have ideas about how this is even more absolutely ridiculous (from a strategic perspective) for … Read more