The False Dichotomy Between Economics and Racism

In the wake of the Trump victory, some pundits have written pieces arguing that Trump’s win was not down to economic distress, but instead due to hostility to immigration, diversity, and social change. In some cases these pundits explicitly call the election result a “whitelash” and accuse Trump supporters of racism and xenophobia. Unfortunately the dichotomy they are drawing between economic explanations and racial explanations is deeply misleading, and stems from a fundamental misunderstanding of the ways class and race intersect, both in America and throughout the western world.

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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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Trident: How Important is an Independent Nuclear Deterrent?

Britain’s leader of the opposition, Jeremy Corbyn, has declared his opposition to the use and possession of nuclear weapons:

Specifically, he wants to discontinue Britain’s Trident nuclear program. Trident consists of four submarines, 58 Trident II D-5 ballistic missiles, and 160 thermonuclear warheads. All together, Britain has the 5th largest nuclear program in the world:

How important is this program to Britain’s security? On this issue, I think both Corbyn and his critics have oversimplified matters a bit. The role nuclear weapons play is more complicated than both hawks and doves typically acknowledge.

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This is Horrible, but it’s No Coup: Why the Greek Deal is Democratic

Greek Prime Minister Alexis Tsipras has betrayed the people of Greece by agreeing to the troika’s austerity demands. The deal is terrible and will unnecessarily inflict additional mass suffering on Greece’s unemployed (25%), youth unemployed (50%), and children living in poverty (40%). Many well-intentioned people have participated in the hashtag #ThisisaCoup, accusing the EU of overriding democracy. While I share the frustration and anger, it’s very important that we understand that this is precisely the way European voters insisted that policymakers design the European Union to work. It is the voters of Europe who have inflicted this travesty of justice upon the continent.

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Piketty is Right: The Germans Never Repaid Their Debts

I recently read a fantastic exchange between the German newspaper Die Zeit and French economist Thomas Piketty. Here is the original in German–there is an English translation by Gavin Schalliol, but at the time of writing Zeit is disputing Schalliol’s right to publish it. Fortunately, copies of the English translation have shared elsewhere on the web. In the exchange, Piketty makes a point that is seldom made–Germany itself is a direct beneficiary of the debt forgiveness and currency devaluation policies Keynesian economists are recommending for Greece.

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