The share of American income going to labor is at its lowest level since measurements began.
Economic Policy
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.
Posted inPolitics
Six Important Stories for 2026
This year, there’s a built-in understanding of the stakes, and opportunities to take back the country from its malefactors.
Posted inEconomic Policy
Judge Warns Vought of Contempt Order if He Back-Door Shuts Down CFPB
Judge Amy Berman Jackson has clarified that Vought would violate her injunction against shuttering the consumer protection agency if he declines to seek funding for it.
Posted inTAP
Trump Loses GOP Support on China Policy
Add Republican objections to Trump’s China capitulations to the growing realm of defections from leaders of his own party.
Posted inEconomic Policy
When in Doubt, Pretend to Be Lina Khan
The Trump administration’s plans to lower prices are just Biden-era retreads. Unfortunately, they’re just plans, with no expected follow-through.