The administration’s clumsy effort to oust Fed governor Lisa Cook is stymied again.
Economic Policy
Posted inAmerica and the World
How the Free World Can Fight Mad King Trump
The worst president in American history wants to conquer Greenland.
Posted inTransportation
How Trump Doomed the American Auto Industry
Ford and GM made a big bet on electrification. Then Trump plunged a knife into their backs.
Posted inEconomic Policy
Private Equity Saks Another Retail Outlet
It’s the old story: Load up companies with debt, pull out all the value, and leave them as a dead shell.
Posted inWorking in America
A New Low for American Workers
The share of American income going to labor is at its lowest level since measurements began.
Posted inEconomic Policy
Trump’s Music Man Populism
The president’s recent spate of announcements on affordability contradict either GOP leaders or his own policy choices.
Posted inTAP
Tariffs: Maybe Not So Crazy
Trump’s tariffs are more a petulance than a policy, but some strategic uses of tariffs can make economic sense. Look at China’s declining trade surplus with the U.S.
Posted inEconomic Policy
Trump’s Persecution of Jerome Powell Is Even Crazier Than It Looks
The Trump administration is carrying out a corrupt prosecution of the Federal Reserve chair. But messing with Fed independence might spark inflation, and everyone hates that.
Posted inTAP
Trump’s Attack on Powell Backfires
The president’s campaign of distraction and personal retribution escalated over the weekend, as Federal Reserve chair Jerome Powell was served with grand jury subpoenas. Even Trump’s allies are disgusted by the clumsy power grab.
Posted inTAP
How Global Capitalism Destroys Democratic Politics
The universal rule of capital explains why national leaders can’t solve national problems—and end up being hated by voters as pathetic failures.
