Current Affairs

"The Republican Industrial Complex Has Turned Missteps Into Millions"

This is a very sad story.

The situation was further exacerbated by the Romney operation’s apparent inability to comprehend that ORCA was not a smartphone application like Angry Birds but rather a website designed to be viewed on a smartphone. This created a massive confusion among volunteers who went desperately searching in the app stores of Apple, Google, and Microsoft unsuccessfully trying to find it. To make matters worse, the secured website that ORCA was operating under had no redirect functionality to assist people who had mistakenly reached the insecure version. As a result, according to Ekhdahl, many activists mistakenly believed the system had failed completely since their web browsers literally displayed nothing on the page when they attempted to view the default website. . . . 

While Moffatt and others insisted afterward that ORCA continued to collect data, multiple reports suggest what the system did manage to collect was fundamentally wrong. “At the end of the day, they told us thatevery single swing state was looking either pink or red and the worst one was Virginia, where they were a little concerned,” one anonymous ORCA operator told Politico. “Of course, we know the opposite of that happened.” According to one Republican that Washington Examiner columnist Byron York spoke with, at 4 pm Eastern time, ORCA was predicting that Romney would win just under 300 electoral votes.

"We've been blaming America's 'new housing crisis' on the wrong thing all along"

What's the "right" thing? Take a guess. Go ahead, guess.

The unresponsiveness of housing supply to demand and price changes is blamed in part on restrictive zoning laws.

Economists measure this responsiveness as elasticity; in markets with higher elasticity, homebuilding responds to higher demand and prices at a relatively faster pace compared with places that are more inelastic.

A Trulia study published on Tuesday found that while zoning laws are a real burden for homebuilders, the bigger culprit is local government bureaucracy, measured by building-approval delays.

"I’ll need how much money for retirement?"

AEI's Andrew G. Biggs argues that rather than saving too little, as many media reports claim, many Americans may be saving too much.

But saving too much for retirement isn’t like having too healthy a diet or being too nice to other people. It comes with real downsides, the biggest of which is a lower standard of living during your working years. Already, many more retirees tell Gallup they have enough money to live comfortably than do working-age households. That’s not a sign of undersaving.

He extends the argument here: "Why Retirees Aren't Running Out Of Money".

"Does the U.S. Economy Lack Competition, And If So What To Do About It? "

Transcript of a remarkable recent speech by FTC Commissioner Maureen K. Ohlhausen.

It's remarkable for three reasons: 1) she's a Democratic--Obama--appointee, but 2) she briefly but quite deftly demolishes the recent revival by the CEA, Stiglitz, Krugman, et al. of IO doctrine that was reftued forty years ago, and 3) she vigorously supports an excellent idea for dealing with the monopolization--such as it is--that exists.