State Attorney General Gentner Drummond is leading a crackdown on Allstate and State Farm.
Economic Policy
Posted inEconomic Policy
How Trump Declared Economic War on His Own People
The simultaneous economic sanctions on Iran and Canada will make everything you buy cost more—if we’re lucky.
Posted inEconomic Policy
The Best Protection Against Financial Crises Is Being Destroyed
When Wall Street blew up the economy, they were forced to cut back on risky borrowing. Now those restraints are being ripped away.
Posted inEconomic Policy
Why Scott Bessent Can’t Fix the Bond Market
Every Trump lackey must indulge his whims, no matter how stupid.
Posted inEconomic Policy
FTC Says It Will Enforce Surveillance Pricing. It Won’t.
Its policy statement merely targets disclosure. It doesn’t say that using personal data to set prices is an unfair or deceptive practice.
Posted inEconomic Policy
An AI Bailout Will Be a ‘Which Side Are You On’ Moment
If AI falls, Democrats can build an enduring political majority—but only if they reject handing a lifeline to Altman, Musk, and the rest of the industry.
Posted inEconomic Policy
The AI Bailout Could Be Baked Into the AI Bubble
Private credit companies are key owners of AI-related assets. Many of their parent private equity firms own life insurers that are dumping grounds for bad loans—and subject to state bailouts.
Posted inEconomic Policy
Will Trump Accounts Close the Racial Wealth Gap, or Worsen It?
The investment accounts for newborns have been lauded as an innovative wealth-building program. But they might exacerbate economic inequalities instead of remedying them.
Posted inEconomic Policy
The CFTC’s Word Games Legalizing Gambling
The regulator’s proposal for online prediction markets stands in clear opposition to congressional statute and its own rulemaking.
Posted inEconomic Policy
Can American Economics Change?
A business school professor and storied investor says it now has to prioritize the national interest. That’s a start, but nowhere near enough.