The American people have been led astray about what climate change means for their pocketbooks.
Economic Policy
Posted inPolitics
Mamdani Announces Balanced Budget Without Cuts
Buoyed by billions in assistance from the state, real talk about what it takes to run New York City, and some taxes on the rich, the mayor closed a historic leftover budget deficit.
Posted inTAP
Wall Street’s Favorite Democrat
Rahm Emanuel is back, running for president as a corporate Democrat. His timing is terrible.
Posted inBooks, Arts and Culture
We Need a Pulitzer for Substacks
These individual newsletters are a whole new genre. At their best, they have breathed new life into journalism and public discourse.
Posted inTAP
The Complacent Class
The Milken Conference in Los Angeles is designed for the global financial elite. Their thinking about the Iran war is childish.
Posted inEconomic Policy
Aftermath: The First Corporate Casualty of the Iran War
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.
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.
