Stories by Noah Kristula-Green

Noah Kristula-Green is the Managing Editor and a Contributor to FrumForum. He was formerly a Web Intern at The New Republic. He lives in Washington DC, grew up in Tokyo, and holds a Bachelor’s Degree in political science from The University of Chicago. His email is noahkgreen [at] gmail.com & you can follow him on Twitter: @noahkgreen

Economists See the Coming Double-Dip

August 24th, 2011 at 5:05 pm 33 Comments

Vincent Reinhart, a former director at the Federal Reserve, has written an economic outlook paper for the American Enterprise Institute. He argues there is a 40% chance of a double dip recession and that the Fed needs to respond with accommodating monetary policy.

Reinhart’s gloomy picture is unfortunately not new. In fact, his 40% figure is just the latest in several predictions made by other economists about the high chance of a double dip.

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The Fair Tax: It’s Back

August 23rd, 2011 at 4:24 pm 23 Comments

Rick Perry is getting a lot of scrutiny for comments in his book Fed Up! where he argues that making income tax constitutional through the Sixteenth Amendment has lead America on a “road to serfdom“. He writes that the income tax could be replaced by a Fair Tax:

Another option would be to repeal the Sixteenth Amendment to the Constitution (providing the power for the income tax) altogether, and then pursue an alternative model of taxation such as a national sales tax or the Fair Tax. The time has come to stop talking about fixing the broken and burdensome tax code and to take bold action to replace it with one that is not a burden for the taxpayer and that provides only the modest revenue needed to perform the basic constitutional functions of the federal government.

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Cheerleading Ryan

August 22nd, 2011 at 4:49 pm 13 Comments

What’s more fun to try and figure out: why Paul Ryan is not running for president or why the Weekly Standard and Bill Kristol are very sad that Ryan is not running for President?

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Ask About Evolution at the GOP Debate

August 18th, 2011 at 3:12 pm 122 Comments

Jon Huntsman has decided to set himself apart from a large part of the GOP field by affirmatively declaring on twitter that he believes evolution and climate change are real:

To be clear. I believe in evolution and trust scientists on global warming. Call me crazy.

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Will The GOP Listen to This Fed Hawk?

August 17th, 2011 at 7:34 pm 21 Comments

Republicans believe the economy is weak because of “uncertainty” created by the Obama administration. Yet a recent statement by a Federal Reserve President suggests that if there is any uncertainty, it should be blamed on the Republicans for forcing a standoff with the White House over the debt ceiling. This is not from the remarks of an inflation dove, but rather, one of its hawks who recently dissented from the Fed’s plan for further easing.

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Perry’s Anti-Bernanke Posse

August 16th, 2011 at 12:54 pm 58 Comments

Rick Perry hasn’t been running for president for a full week and he has already made a significant gaffe. ThinkProgress has caught video of Perry saying that Ben Bernanke’s efforts at monetary stimulus are “almost treasonous” and that he would treat Bernanke “pretty ugly down in Texas.”

The comment is wrong from a policy standpoint and the accusation of treason is uncalled for, but the unfortunate truth is that Perry is accurately expressing the emotional sentiments of the conservative movement.

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Fed Hawks Turn on the Unemployed

August 12th, 2011 at 1:06 pm 25 Comments

President Narayana Kocherlakota of the Federal Reserve Bank of Minneapolis was one of three Federal Reserve Board members who dissented from their recent decision to keep interest rates low until at least the middle of 2013.

He has taken the step of stating why he opposed this more accommodative policy in a public letter. His opinion seems to be that unemployment may be high, but at least it is not as high as it was in 2010 in absolute terms:

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Bachmann: The Bible is the Standard For Everyone

August 9th, 2011 at 2:42 pm 184 Comments

Ryan Lizza’s reporting on Michele Bachmann’s intellectual background is invaluable. It allows for past statements that Bachmann has made which sound utterly bizarre to be placed into context. For example: were you aware that Bachmann believes there is a link between postmodern philosophy and efforts to curtail abstinence education?

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Why 2012 is the Republicans’ to Lose

August 4th, 2011 at 2:38 pm 23 Comments

As we get closer to 2012, there is one chart that pundits and columnists need to constantly refer back to in their writing – a scatterplot that shows how changes in real disposable income correlate with the success of the incumbent party in presidential elections:

(Courtesy of Seth Masket)

The general trend is clear: parties which oversee increases in personal disposable income generally do better in elections than parties which do not.

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Glenn Beck Wants A Whiter Spider-Man

August 3rd, 2011 at 1:25 pm 111 Comments

Glenn Beck has a problem with the new Spider-Man, and he thinks Michelle Obama is to blame.

In one of Marvel’s comic series, Peter Parker has been killed off and the mantle of Spider-Man will be taken up by a new character: Miles Morales, who is half-black and half-Hispanic.

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