Spirit Airlines’ demise can be directly traced to the rise in jet fuel prices. That hasn’t stopped corporate Democrats from blaming Biden-era merger policy.
Economic Policy
Posted inEconomic Policy
How Inequality Killed the Affordable American Car
Given the upward redistribution of wealth and income, it now pays a company to sell just to the rich.
Posted inEconomic Policy
This Is the Worst Argument for Prediction Markets
Putting a market price on some prediction does not make it a ‘truth machine.’
Posted inEconomic Policy
Aftermath: Wall Street Is Lying to Itself
Financial futures indicate little damage from the Iran war. Reality begs to differ.
Posted inEconomic Policy
Meta Is a Monopoly Even if TikTok Can Compete
It is foolish to suggest that competition anywhere proves that a company isn’t a monopoly.
Posted inEconomic Policy
Aftermath: The Hormuz Farm Crisis
Today in the newsletter: Fertilizer prices are crushing rural farmers. Also, attacks on Gulf state aluminum smelters leave America exposed.
Posted inEconomic Policy
The Tariff Refund Nightmare
In principle, Americans are owed $166 billion in refunds of Trump’s illegal tariffs. But actually collecting is like unscrambling an egg.
Posted inEconomic Policy
Will Americans Keep Paying a ‘Tariff Tax’?
Companies are seeking refunds from the federal government following the Supreme Court ruling—but consumers may still be stuck with higher prices.
Posted inEconomic Policy
On Tax Day, Mamdani Taxed the Rich
The mayor, his supporters, and public opinion convinced their previously reluctant governor to agree to a tax on the second (or third, fourth, fifth, etc.) homes of their city’s nonresident rich.
Posted inEconomic Policy
Aftermath: Plastics Clogged in the Persian Gulf
In today’s inaugural newsletter: plastic supply chains, sulfuric acid export bans, and the war drags on.