The big banks behind the rising cost of credit
inflation
Posted inTAP
Time for the Fed to Meet the FTC
Today on TAP: The real source of too many price hikes is concentrated market power, not macroeconomic overheating.
Posted inEconomic Policy
The Age of Recoupment
How power, technology, and opportunity have come together to gouge consumers
Posted inPolitics
The Three Barriers to Biden’s Re-Election
Price increases, a broader economic frustration built over decades, and an inability to articulate what’s being done about any of it
Posted inTAP
Half of Democrats (Never Mind Republicans) Think We’re in a Recession
Today on TAP: If we’re that deep into a vibe-cession come the fall, it will be very difficult for Biden to win.
Posted inVideos
The Prospect Weekly Roundup: Chinese Tariffs and CFPB Success
On our weekly live show, David Dayen and Bob Kuttner discuss new efforts to boost the domestic electric-vehicle industry.
Posted inEconomic Policy
Why Auto Insurance Rates Are Out of Control
The factors are partly structural, but also have to do with a corporate drive for profits and use of technology to precision-target customers.
Posted inTAP
Inflation, Misguided Economics, and the Fed
Today on TAP: Once again, mainstream analysts and Fed economists miss the real story in the latest inflation numbers—which is hidden in plain view if you bother to look.
Posted inMoney, Politics, and Power
The Mega-Donor Who Colluded With OPEC
Pioneer Natural Resources CEO Scott Sheffield was banned from ExxonMobil’s board after a merger for conspiring to keep gas prices high.
Posted inTAP
How the Fed Keeps Getting Inflation Wrong
Today on TAP: More than 400 economists work for the Federal Reserve Board. Far too many are intimidated by the echo chamber of bad economics created by Chair Jay Powell.