Financial futures indicate little damage from the Iran war. Reality begs to differ.
Economic Policy
Posted inEconomic Policy
Meta Is a Monopoly Even if TikTok Can Compete
It is foolish to suggest that competition anywhere proves that a company isn’t a monopoly.
Posted inEconomic Policy
Aftermath: The Hormuz Farm Crisis
Today in the newsletter: Fertilizer prices are crushing rural farmers. Also, attacks on Gulf state aluminum smelters leave America exposed.
Posted inEconomic Policy
The Tariff Refund Nightmare
In principle, Americans are owed $166 billion in refunds of Trump’s illegal tariffs. But actually collecting is like unscrambling an egg.
Posted inEconomic Policy
Will Americans Keep Paying a ‘Tariff Tax’?
Companies are seeking refunds from the federal government following the Supreme Court ruling—but consumers may still be stuck with higher prices.
Posted inTAP
How Trump Undermines Trump
Consider the president’s self-defeating assault against Jerome Powell.
Posted inBooks
What, Exactly, Is a Fair Wage?
Arindrajit Dube brilliantly dissects how wages really are set—but overlooks the particular hurdles that care workers face.
Posted inLaw and Justice
Live Nation Verdict Serves as a Warning
Companies thought they could get away with anything while Donald Trump was in office. But today they have a new problem: state attorneys general, and juries full of ordinary Americans.
Posted inEconomic Policy
On Tax Day, Mamdani Taxed the Rich
The mayor, his supporters, and public opinion convinced their previously reluctant governor to agree to a tax on the second (or third, fourth, fifth, etc.) homes of their city’s nonresident rich.
