The wealthy got the ultimate regulatory carve-out for when this bubble pops.
Federal Reserve
Posted inLaw and Justice
The Assault on Congress’s Anti-Monopoly Solution
By letting presidents fire independent agency commissioners at will, the Supreme Court broke a deliberate diffusion of power that is as old as the Constitution itself.
Posted inTAP
The Court Equivocates on Whom to Deport
Birthright citizenship appears to be OK, but refugees from ‘shithole countries’ gotta go.
Posted inTAP
Two Rulings That Are Impossible to Reconcile
If you believe that presidents get to fire executive branch appointees, there is no logical way for that to only be inapplicable for the Federal Reserve.
Posted inEconomic Policy
Greenspan Was the Creator of His Own Disaster
The former Fed chair, who died at the age of 100 this week, deliberately engineered financial markets to be faster and looser. Then they blew up.
Posted inTAP
Kevin Warsh Decides Not to Be Trump’s Toady
The Fed votes 12-0 against Trump’s demand to cut interest rates.
Posted inTAP
Time to Stop Lionizing Powell
The Fed chair has been an enabler of the economy’s hyper-financialization and speculative excess. Resistance to Trump is too low a bar.
Posted inTAP
How Trump Undermines Trump
Consider the president’s self-defeating assault against Jerome Powell.
Posted inEconomic Policy
The Faltering War Economy
Trump’s war craters the economy in multiple ways, even if it somehow ends soon.
Posted inTAP
How Trump Lost the Courts
With every passing day, another federal judge issues a scathing order to contain Trump’s autocracy and Trump keeps alienating the Supreme Court.