Why Small Booms Can Cause Big Busts

Live from Sandbridge Beach: Invictus: Red State, Blue State: Kansas & Washington: "We have interesting experiments going on in the state of Kansas and the city of Seattle...

...The state of Kansas, under Sam Brownback’s awesome tax cuts, recorded the third-worst jobs performance in the country over the past year.... It was almost three years ago... that Brownback touted the awesomeness of his economic plans via an op-ed.... 'Our new pro-growth tax policy will be like a shot of adrenaline into the heart of the Kansas economy. It will pave the way to the creation of tens of thousands of new jobs, bring tens of thousands of people to Kansas, and help make our state the best place in America to start and grow a small business. It will leave more than a billion dollars in the hands of Kansans. An expanding economy and growing population will directly benefit our schools and local governments.'... The beatings will continue until morale improves.... And yet, amazingly, supply-side trickle down is somehow still a thing. Where is John Oliver when you need him?

Moving on from Kansas to the Emerald City... their gradually stepped-up minimum wage... the first bump was enacted a few months ago.... The restaurant business in Seattle has continued to grow fairly briskly despite dire forecasts – and some outright lies – spread throughout the conservative media.... I don’t expect these facts to make any difference whatsoever in conservatives’ narrative – I wasn’t born yesterday – but they do need to be documented for the record time and again.