Financial futures indicate little damage from the Iran war. Reality begs to differ.
Economic Policy
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.
Posted inEconomic Policy
The Faltering War Economy
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
Posted inEconomic Policy
How the Iran War Threatens the AI Economy
Supply chain disruptions threaten the flow of computer chips, which power AI models.
Posted inEconomic Policy
Live Tax-Free and Die
After mining out state budgets for 50 years, conservative lawmakers across the country are now turning their pickaxes to local governments’ largest source of revenue: property taxes.