Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Inflation

Sarah Huckabee Sanders’ Bar Metaphor Is Really Stupid

A friend of mine recently sent me this clip of White House Press Secretary Sarah Huckabee Sanders attempting to defend President Trump’s “Cut Cut Cut” tax plan with an elaborate bar metaphor. Let’s call it the “Allegory of the Tab”:

A couple days later, my dad told me he heard someone bring this up, as if it were some kind of serious argument for Trump’s plan. I can’t let this stand. The Allegory of the Tab is too reductive, too simplistic, too brain-dead to pass without a post exclusively and entirely about how dumb it is.

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Canadian Donald Trump is Coming

For a couple of years now I’ve had a theory, one I haven’t told you all about. It goes something like this–Canada is just like us, but 5-10 years ago. Here’s how it works.

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What’s Really Going on In Venezuela

Many in the western press are oversimplifying the story about Venezuela, blaming its economic crisis more or less exclusively on the socialist policies of President Nicolas Maduro and his predecessor, the late Hugo Chavez. Government policy has contributed to the shape the crisis has taken, but there is a lot more going on than meets the eye. I want to try to tell a fuller story.

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Even Top Liberal Pundits Still Don’t Understand the Division in the Democratic Party

Today a friend of mine sent me a piece by Franklin Foer inĀ The Atlantic. In the piece Foer gives some thought to what ails the Democratic Party, and he comes to a constructive conclusion–the party needs to reach out to the white working class. But the way Foer gets there troubles me. Too many liberal commentators don’t quite understand the division within the Democratic Party, even the ones who are actively trying to understand that division. Let me show you what I mean.

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How Brazil Got the Worst Austerity Program in the World

Brazil’s new president, Michel Temer, has introduced austerity via constitutional amendment, freezing Brazil’s state spending at 2016 levels for 20 years, allowing it to increase only at the rate of inflation. This is really dumb–if Brazil’s population grows, or Brazil has an economic crisis, or Brazil has to go to war, it will be trapped within 2016 fiscal parameters. So as its population grows, the same level of spending will be divided across ever larger numbers of people, and if Brazil gets into major trouble it will only be able to pay for emergency measures by lashing social spending. To make matters worse, the amendment disallows its own repeal for a 10 year minimum, so there is nothing anyone in Brazil can constitutionally do about this ridiculous rule until 2027. But you know what makes this even more incredible? Temer was never elected president of Brazil in the first place. What follows is the bizarre story of how Brazil’s broken constitution empowered a man committed to an absurd political agenda.

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