Joe Biden listened to the left on full employment. But the lasting effects were wanting, and the politics were brutal.
Economic Policy
Posted inEconomic Policy
The Opening of Trump’s Box
Iran has put a tollgate across the Strait of Hormuz. This fundamentally changes the global economy.
Posted inEconomic Policy
Private Equity’s Great Escape
The industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
Posted inEconomic Policy
Notes for Next Time
My generation got a very good economic deal. We need to restore opportunities to our children and grandchildren, or there will be more recruits to MAGA.
Posted inEconomic Policy
When Consumer Protection Stops, Scammers Run Amok
Hundreds of consumers have complained to the CFPB about a credit card for rental payments called Bilt. But the agency has been prohibited from responding.
Posted inEconomic Policy
A K-Shaped Economy Requires K-Shaped Taxes
Wealth tax skeptics either fail to notice the massive upward redistribution of wealth, income, and political power, benefit from it, or fear challenging it.
Posted inEconomic Policy
Billionaire Wealth Has Doubled So Far This Decade
An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.
Posted inEconomic Policy
More States Are Taxing the Ultra-Rich—Washington Is the Latest
As inequality grows, states are stepping up where the federal government hasn’t. ‘It’s a movement,’ says Patriotic Millionaires’ Chuck Collins.
Posted inEconomic Policy
Democratic Presidential Contenders Have a New Idea: Tax Cuts
Chris Van Hollen and Cory Booker argue that middle-class households are paying too much in federal income taxes.
Posted inEconomic Policy
Iran War Exposes America’s Unfixed Supply Chains
We have a trillion-dollar military without enough bombs to fight for more than a week, and none of the critical components needed to make more.