Spirit Airlines’ demise can be directly traced to the rise in jet fuel prices. That hasn’t stopped corporate Democrats from blaming Biden-era merger policy.
Economic Policy
Posted inEnergy and the Environment
Aftermath: Oil Execs Thrill to Higher Profits From War
Plus: Why Iran won’t make a deal with Trump to end the crisis
Posted inEconomic Policy
How Inequality Killed the Affordable American Car
Given the upward redistribution of wealth and income, it now pays a company to sell just to the rich.
Posted inTechnology
Subsidize, Build, Export, Repeat
America is selling the AI stack it built with public money, with the same companies and the same national security framing. Nobody is asking whether the demand is real.
Posted inEnergy and the Environment
Aftermath: California Gas Prices Are Up, and It’s Not Just the War
A refinery oligopoly and exclusive contracts allow the oil industry to price-gouge California drivers.
Posted inTAP
Spirit Socialism: Trump’s vs. Ours
The proposed bailout of Spirit Airlines is Trump’s worst deal yet. But in clean hands, socialized ownership sometimes makes sense.
Posted inEconomic Policy
This Is the Worst Argument for Prediction Markets
Putting a market price on some prediction does not make it a ‘truth machine.’
Posted inMoney, Politics, and Power
The Warner Bros. Sale to the Ellisons Illustrates Perfectly Why Shareholder Capitalism Is a Disaster
99 percent of the company’s institutional shareholders voted to approve it. An equivalent share of the company’s workers and Hollywood generally opposed it.
Posted inTAP
Time to Stop Lionizing Powell
The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
Posted inLaw and Justice
Can New York Lawmakers Stop Hedge Funds From Pillaging Poor Nations?
Much of the world’s sovereign debt is governed by New York state law. One small change could stop much predatory lending.