The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
deregulation
Posted inBooks
Vertical Vertigo
Brian Callaci’s book describes the deregulatory strategies franchisors use to protect their profits.
Posted inEnergy and the Environment
EPA’s Endangerment Finding Repeal Stands on Shaky Foundations
Lee Zeldin has vowed to drive ‘a dagger straight into the heart of the climate change religion.’ Too bad he only has a butter knife.
Posted inHealth and Social Policy
The Bank of Big Medicine
Health insurers and providers are using industrial loan companies and other tactics to make money from financial engineering rather than patient care.
Posted inEconomic Policy
The Next Financial Collapse
In the coming crisis, the Fed is not likely to be in good hands.
Posted inMoney, Politics, and Power
Wall Street Strikes Back
The crypto industry found out that they can buy a lot, but they can’t buy all the power away from the big banks.
Posted inMoney, Politics, and Power
Sean Patrick Maloney’s Vanishing Ethics Pledge
The former member of Congress and DCCC chair is now the head of the Coalition for Prediction Markets, an organization funded by the exact crypto firms he promised not to work for.
Posted inEconomic Policy
Where Big Tech and Trump Are Demanding Tax Cuts and Deregulation
A new analysis shared with the Prospect shows that Big Tech is seeking changes to national law in 64 countries. The Trump regime is helping them.
Posted inMoney, Politics, and Power
Monetizing Regime Change
It is trivially easy for administration officials to use prediction markets to bet on the policies they authorize. We may have just seen it in Venezuela.
Posted inMoney, Politics, and Power
Another Biden Financial Regulator Spins Through the Revolving Door
Michael Hsu, former OCC head, has joined a VC firm backing crypto and fintech companies.