Joe Biden listened to the left on full employment. But the lasting effects were wanting, and the politics were brutal.
Economic Policy
Posted inMoney, Politics, and Power
The Private Credit Cartels
Wall Street wants you to believe AI is to blame for the incipient credit crisis. But the crappy software loans spooking investors are the products of old-economy greed and brazen collusion.
Posted inBooks
Capital Ideas
Two books on the history of capitalism provide lessons for how to tame it.
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 inPolitics
Dispatches From Trump’s War on Information
Inside the administration’s mishandling of economic data and erosion of trust in federal statistics
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 inHealth and Social Policy
Mamdani Announces Free Child Care Program for City Workers
The provider will be on the ground floor of the Dinkins Municipal Building, and is another step on the road to a free, universal program citywide.
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.