Benjamin Studebaker

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

Tag: politics

The Ungoverned Globe

I have a new piece out at Aeon on the liberal international order, its inadequacies, and the difficulties with replacing it. You can read it here:

https://aeon.co/essays/can-the-liberal-order-be-transformed-by-global-government

Why Federal Stimulus is Always Too Small

We never seem to learn anything. The global economic crisis of 2008 should have taught us a lot about how governments cope with major economic shocks, but the level of analysis in 2020 has been abysmal. The Great Recession reduced US economic output by 4.2% and destroyed 8.7 million jobs. To counteract the loses, the federal government injected stimulus, first through the Bush administration’s Troubled Asset Relief Program (TARP), and then through the Obama administration’s American Recovery and Reinvestment Act. Combined, these two programs provided about $1.2 trillion. That’s about $285 billion per percentage of point of GDP. It wasn’t enough. The economy recovered very slowly, too slowly for the Obama administration to maintain public support. The Democrats lost the House decisively in 2010. Obama tried to get an additional $447 billion in 2011, but the Republicans had no interest in it. Instead, they pushed for deficit reduction. Obama tried to play nice with them, signing the Budget Control Act in August and making one last push for more stimulus in the Fall. They took his cookies. The second stimulus never happened. As the years went by, rural America continued to lose jobs, and grew more and more resentful, setting the stage for Donald Trump in 2016.

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The Real Stakes of Trump’s Trade War With China

I have a new piece out at New Republic on the president’s tariffs. You can read it here:

https://newrepublic.com/article/154852/real-stakes-trumps-trade-war-china

They have edited it to sync up with their preferred style, so it reads a bit differently from the rest of my work.

Trump’s Crummy Coal Bargain

The Trump administration has decided to reverse Obama-era coal regulations, increasing carbon emissions by a factor of 12 over the next decade. We all know that the Trump administration doesn’t believe in climate change, but what’s remarkable about the administration’s decision is that it’s incredibly bad value for money even on its own terms.

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The Left Wing Argument for Keeping Northern Ireland in the UK

As Britain marches ever closer to its date with Brexit destiny, I hear some people arguing that Brexit could lead to Irish reunification and that this would be a good thing. But if you evaluate the arrangement Northern Ireland has with the UK, it’s clear that it is in the material interest of the North Irish to remain. The UK gives Northern Ireland a very good deal, and it is highly unlikely that the Republic of Ireland would be able to offer a competitive package.

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