memeorandum: The End of One Big Inflation and the Beginning of One Big Myth (Marshall Steinbaum/The Steinblog)

7:40 AM ET, January 5, 2015

Top Items:

Huckabee's challenge in 2016: Growing a national campaign from the grass roots — If Mike Huckabee is going to make a serious run for the Republican presidential nomination, he will have to do something he was unable to do in 2008: raise millions of dollars and build a sprawling national campaign …

Discussion: Political Wire, New York Magazine, Hot Air and Mike Huckabee

Chris Cillizza / Washington Post:

Republican contest for 2016 race is heating up quickly — Boy, that escalated quickly. — Less than two months after the 2014 elections, the 2016 Republican presidential race is taking clear shape — with several major players moving quickly to carve out their own space (and maybe keep others from carving it up) in the contest.

Discussion: Bloomberg Politics, Political Wire, Daily Signal and Hot Air

Richard Florida / New York Times:

Is Life Better in America's Red States? — THE new Congress that starts work this week is the latest reminder of America's stark political divisions: The parties in Washington are more polarized than they have been in decades, the partisanship gap between rural Republicans and urban Democrats has grown …

Discussion: Taegan Goddard's Wonk Wire and RedState

Oregonian:

Navy vet, 100, persuades protesters to let him speak: ‘Give me a chance’ — U.S. Navy veteran Dario Raschio was all smiles Saturday as he awaited a special honor from U.S. Sen. Ron Wyden, who joined him at Portland Community College's Southeast Campus to present the 100-year-old with a handful of medals.

Discussion: The PJ Tatler, The Right Scoop and The Daily Caller

Oregonian:
Wyden town hall disrupted by 'hands up, don't shoot' protests

Discussion: The Gateway Pundit

Marshall Steinbaum / The Steinblog:

The End of One Big Inflation and the Beginning of One Big Myth — I recently had a short back-and-forth with Noah Smith on the subject of Tom Sargent's article “The Ends of Four Big Inflations,” in which I called it “terrible history and questionable economics.”

Discussion: Washington Center … and Brad DeLong's Grasping Reality

NY Daily News:

Hedge fund founder, 70, shot dead by son, 30, in East Side apartment: cops — Thomas Gilbert Sr., founder of Wainscott Capital Partners, was found fatally wounded after an argument with his son, police said. The son fled the scene, according to police. — A Wall St. whiz who headed …

Discussion: New York Post, Daily Mail, Hinterland Gazette and Gawker

Ewen MacAskill / Guardian:

British and Dutch researchers develop new form of lie-detector test — Polygraph replacement could be in use in police stations around the world within a decade. — Police and intelligence agencies around the world have for almost 100 years relied on lie detectors to help convict criminals or unearth spies and traitors.

Discussion: Daily Mail

Paul Krugman / New York Times:

Presidents and the Economy — Suddenly, or so it seems, the U.S. economy is looking better. Things have been looking up for a while, but at this point the signs of improvement — job gains, rapidly growing G.D.P., rising public confidence — are unmistakable.

Benjamin Harris-Quinney / BREITBART.COM:

The British People Must Now Take Control of the Establishment Paedophile Scandal — As Prince Andrew becomes the latest figure to be named in an establishment paedophile scandal, the British nation has woken up today to face, yet again, the uncomfortable possibility that they are governed …

Discussion: Vox Popoli

Frances D'Emilio / Associated Press:

Pope Francis Names 15 New Cardinals From 14 Countries — VATICAN CITY (AP) — Pope Francis named 15 new cardinals Sunday, selecting them from 14 nations including far-flung corners of the world such as Tonga, New Zealand, Cape Verde and Myanmar to reflect the diversity of the church …

Discussion: Washington Monthly

Elisabetta Povoledo / New York Times:
Pope Francis Names New Cardinals

Discussion: NPR and New York Magazine

Jason Horowitz / New York Times:

Allies Say Willingness to Talk to Anyone, Nearly His Undoing, Defines Scalise — WASHINGTON — Representative Steve Scalise of Louisiana has long been a politician of relentless outreach in service of relentless ambition. — “He builds relationships like no one I've ever seen,” …

Discussion: NOLA River

Kyle Balluck / The Hill:

Texas Republican announces challenge to Boehner for Speaker in new Congress — Rep. Louis Gohmert (R-Texas) said Sunday that he will challenge John Boehner (R-Ohio) as Speaker in the new Congress. — “I'm putting my name out there today to be another candidate for Speaker,” Gohmert said on “Fox and Friends.”

Discussion: New York Magazine, Little Green Footballs, RedState, Politico, Shot in the Dark and Power Line

Gohmert:
Gohmert Announces Run for Speaker of the House

Discussion: National Review, Fox News, BREITBART.COM, Scared Monkeys, protein wisdom, Talking Points Memo and The PJ Tatler

Ted Yoho / Facebook:
I will not support John Boehner for Speaker of the House.

Discussion: Daily Signal, Bloomberg Politics, Twitchy, TPNN and Slantpoint

New York Times:

Another Silent Protest of Mayor de Blasio as Officer Liu Is Laid to Rest — For the second time in just over a week, a river of pressed blue uniforms filled the streets of a New York City neighborhood on Sunday as law enforcement officers from across the country paid respects to a slain colleague.

Discussion: Fox News, Reuters, Balloon Juice and Scared Monkeys