Tag: 2016 Election

Donald Trump Gets Something Right: The US Can Avoid Defaults by Printing Money

Donald Trump is getting mocked on the internet for declaring that:

This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default.

Trump critics are crowing, accusing Trump of being ignorant of economics. There’s a lot of reason to think that Trump doesn’t know his economics (such as the outlandish tax plan he proposed). But this time Trump is right–the government really can avoid defaults by printing money. Here’s how.

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Four Horses of the Apocalypse 2016 US Presidential Election Sim

A few people have asked me what would happen if Bernie Sanders ran as an independent or on a joint Green Party ticket with Jill Stein, or if the Republican establishment ran their own candidate against Donald Trump. Some people want to know what happens if both parties split and we get an extremely messy 4-way race. These questions are difficult to answer, but I’ve put together a very basic election simulation to try to give you a sense for what might happen.

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The DNC Didn’t Screw Bernie–The Voters Did

The New York primary was an unmitigated disaster for Bernie Sanders. Polichart’s updated victory targets called for Sanders to win 54% of the vote and get 133 delegates. He got 42% and 108. This puts him 36 delegates behind schedule, and he still trails in the polls in Pennsylvania, Connecticut, Maryland, Delaware, New Jersey, and California. Sanders failed to do better than the polling data in New York indicated he would do, damaging the comforting theory that polls in northern states underrate him. As regular readers know, I am very sympathetic to Sanders, but I cannot in good conscience mislead you about the realities of the political situation. In the last few days, many well-intentioned people have tried to make arguments that Sanders can still win or that Sanders would be winning if the DNC were not corrupt–I wish these arguments were true, but they’re not. Sanders is losing because most Democratic primary voters do not support him.

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How ISAs Allow Rich People to Exploit College Students

A friend of mine at Purdue University recently informed me that under the leadership of former Governor Mitch Daniels (R-IN), Purdue has become the first major American university to offer Income Sharing Agreements (ISAs) to students as a new alternative to traditional student loans. ISAs are exploitative and morally disgusting. Here’s why.

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