When Wall Street blew up the economy, they were forced to cut back on risky borrowing. Now those restraints are being ripped away.
Economic Policy
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.
Posted inEconomic Policy
Anti-Monopoly Bill Hits Make-or-Break Moment in California
Advocates have gained momentum to beef up the state’s primary antitrust law, but the largest companies in the nation are trying to stop it.
Posted inEconomic Policy
Greenspan Was the Creator of His Own Disaster
The former Fed chair, who died at the age of 100 this week, deliberately engineered financial markets to be faster and looser. Then they blew up.