The president’s lunatic tariffs are jacking up prices all over the place.
Economic Policy
We Can’t Count on Trump’s SEC to Tell Us If He Is Manipulating the Market
The Musk-damaged agency is unlikely to investigate whether Trump and his allies are profiting from advance knowledge about tariff changes or meme coin shenanigans.
The Quiet Canadian
Canadian Prime Minister Mark Carney displays an appreciation for the strategic value of silence during his Oval Office meeting with President Trump.
Trump’s Utopia
Today on TAP: He’s borne back ceaselessly into a fictitious past reshaped for his immediate needs.
Did Trump Do Europe a Favor?
The EU must now look to its own political and economic interests. That could be good for European values and European union.
House Republicans Take Their Turn at Ravaging CFPB
Kneecapping the consumer financial protection agency would do much to enable fraud, and next to nothing to reduce federal expenditures.
Waiting for the Supply Shock
Today on TAP: It’s coming, and we know approximately when.
Davos and Other Hustles
The longtime head of the World Economic Forum resigns in disgrace. Is nothing sacred?
Private Equity’s Do-or-Die Moment
Regulators have been cracking down on consolidation just as dealmaking dries up and investors head for the exits. Can the lords of finance find a way out?
The Markets as Master
Trump and Musk could evade public opinion and popular outrage for a while, but the markets have brought them to heel.

