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Author Archives: Ezra Klein

Ezra Klein: Democrats should surrender on taxes

The deal that resolved the U.S. government shutdown includes a new bicameral budget commission. This will be the eighth major budget commission since 2010. Until now, every single one of them has failed for the same reason: taxes. And if nothing changes, this one will fail too.

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Ezra Klein: Summers battle was a front in war over Wall Street

Larry Summers’s campaign to replace Federal Reserve Chairman Ben Bernanke wasn’t doomed by any of the typical doubts about a potential Fed chief. Senate Democrats weren’t worried that Summers was too tolerant of inflation or insufficiently committed to quantitative easing. In fact, they weren’t worried about his opinions on monetary policy at all.

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Ezra Klein: Summers pick fits Obama’s preference for beaten path

At this point, Larry Summers isn’t just the favorite for Federal Reserve chairman. He’s the overwhelming favorite. Unless something truly unexpected shows up in the vetting process (a paid toast at Bashar al-Assad’s birthday party, for example) or the administration comes to believe Senate Democrats will revolt against a Summers nomination, he’s going to get the job.

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Ezra Klein: Obama guesses his way to trillions in health savings

During his 2008 presidential campaign, Barack Obama relied on a standard applause line, a promise that his health-care plan would “lower premiums by up to $2,500 for a typical family per year.” Cue cheers — or jeers if you were a health-policy expert. For them, his vow was ridiculous. There was no time frame attached to the promise. There was no plan for realizing it. It was change no one quite believed in. He might as well have promised every American a puppy.

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Ezra Klein: How U.S. politics was hijacked by partisans

Power has devolved to the people. And the people hate it. In his book “Disconnect: The Breakdown of Representation in American Politics,” Stanford University political scientist Morris Fiorina considers this “the great irony” of American politics: that the more Americans participate in their political system, the angrier and more disillusioned they become.

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