Timothy Noah

The Washington Post columnist William Raspberry, who died today at 76, is remembered as being relentlessly moderate, but Supreme Court Justice Lewis Powell didn’t view him that way. READ MORE >>

Rapacious capitalists ain't what they used to be. "Law? What do I care about the law?" the shipping and railroad tycoon Cornelius "Commodore" Vanderbilt (1794-1877)  famously bellowed (in legend, if not in fact). "Hain't I got the power?" His son William (1821-1885) demonstrated a similar indifference to public opinion when he said, "The public be damned.... I don't take any stock in this silly nonsense about working for anybody's good but our own, because we are not." The banking tycoon J.P. Morgan (1837-1913) held the same view, and didn't hesitate to articulate it. READ MORE >>

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Yesterday I argued that President Obama's proposed one-year extension of the Bush tax cut for family income up to $250,000, though probably a good idea in the short term to help boost a weak recovery, was a bad idea in the long term. That's because federal taxes on the middle class are pretty low by historic standards, and the Treasury will eventually need revenue from a middle-class tax increase (inaddition to a steep increase in taxes on the affluent) to bring the deficit under control.  READ MORE >>

My latest TRB column, "States Of Confusion," explains how the Roberts Court has inadvertently hastened the federalization of the state-federal Medicaid program. READ MORE >>

President Obama wants to extend the Bush income-tax cuts, but only on family income up to $250,000 per year. Mitt Romney wants to keep the Bush tax cuts for everybody and to further lower all existing income-tax rates by 20 percent. They're both wrong. READ MORE >>

President Obama wants to extend the Bush income-tax cuts, but only on family income up to $250,000 per year. Mitt Romney wants to keep the Bush tax cuts for everybody and to further lower all existing income-tax rates by 20 percent. They're both wrong. READ MORE >>

The Idea Biz

Today's New York Times op-ed page carries two separate citations from last week's Aspen Ideas Festival, which probably means the thing has already paid for itself. READ MORE >>

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