The industry that spent 50 years insisting it didn’t need the state has discovered it can’t do without it.
industrial policy
Posted inEconomic Policy
Can American Economics Change?
A business school professor and storied investor says it now has to prioritize the national interest. That’s a start, but nowhere near enough.
Posted inTAP
Trump’s Nothingburger Banquet in Beijing
The president comes home empty-handed from his summit with Xi Jinping.
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 inTAP
Spirit Socialism: Trump’s vs. Ours
The proposed bailout of Spirit Airlines is Trump’s worst deal yet. But in clean hands, socialized ownership sometimes makes sense.
Posted inEconomic Policy
A Retrospective on Bidenomics
Joe Biden listened to the left on full employment. But the lasting effects were wanting, and the politics were brutal.
Posted inEconomic Policy
Iran War Exposes America’s Unfixed Supply Chains
We have a trillion-dollar military without enough bombs to fight for more than a week, and none of the critical components needed to make more.
Posted inEconomic Policy
Trump’s Tariffs Weren’t Really About Trade Policy
They were about his nostalgia, his ego, his bigotry, and his greed.
Posted inEconomic Policy
Our Sick Economy
The number of jobs in health care continues to grow. Almost everywhere else, they’re shrinking.