Aug 28, 2025
Without slower spending growth and real budgetary reforms, no amount of monetary maneuvering can restore stability. The question is not whether Powell, or his successor, will resist Trump's demands. It's whether Congress will allow the Fed to do its job.
Aug 21, 2025
Tariffs are among the worst taxes imaginable; narrow, arbitrary, unstable and regressive. They tax investment more than consumption. They reward lobbying over efficiency. And the revenue they raise is but a fraction of annual government spending.
Aug 19, 2025
The debate over climate change and responses has become so polarized that acknowledging the problem of human-driven warming without accepting a narrative that can sound apocalyptic invites attacks from all sides.
Aug 9, 2025
if the president continues to treat disagreement as disloyalty, especially from vital, independent agencies such as the Bureau of Labor Statistics and the Congressional Budget Office, then Trump's second term could leave a dark mark on the country.
Aug 4, 2025
Maybe we wouldn't keep pretending like minor trims are major reforms while refusing to tackle demographic and entitlement time-bombs ticking, if we stayed focused on the question of what, considering the cost, we're willing to pay for.
Jul 28, 2025
This debate is not about monetary policy. It's a power play aimed at subordinating America's central bank to the fiscal needs of the executive branch and Congress. We have a case of "fiscal dominance" on our hands. That always ends poorly.
Jul 17, 2025
To be clear, I want more green energy from more sources, including wind, solar, geothermal and whatever other promising avenues innovation makes possible. But subsidies like those of the Inflation Reduction Act are the wrong way to get there.
Jul 3, 2025
However, a few pearls in a vast ocean of bad policies are nothing to celebrate. It's like marveling at newly painted rooms in a burning house.