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.
industrial policy
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.
Posted inTransportation
How Trump Doomed the American Auto Industry
Ford and GM made a big bet on electrification. Then Trump plunged a knife into their backs.
Posted inWorking in America
The $79 Trillion Heist
We’re in an affordability crisis because workers aren’t being paid at the same levels they earned in the past.
Posted inPolitics
Rule by Deal
Donald Trump engages in ad hoc agreements with individual companies and governments to expand his power. Some observers have described these actions as a new “economic nationalism”—but that term fails to explain what makes this administration’s decision-making unique.