Just How Bad Would an AI Bubble Be?
The entire U.S. economy is being propped up by the promise of productivity gains that seem very far from materializing.
Economy
America’s Perón
Decades of personalist rule turned Argentina into a global economic laughingstock. Donald Trump seems to have misunderstood the lesson.
Yes, Cash Transfers Work
Money alleviates poverty. It’s not complicated.
The Lisa Cook Case Could Be the Whole Ball Game
If the Supreme Court lets Trump replace Cook with a loyalist, he might soon achieve a full-blown takeover of the Federal Reserve.
How the Richest People in America Avoid Paying Taxes
A clever new paper puts concrete numbers to the taxes paid by members of the Forbes 400.
Why Housing Feels Hopeless
Redfin CEO Glenn Kelman on zoning, generational inequality, and how to fix the U.S. housing market. Plus: What Trump gets dangerously wrong about World War II.
Trump Is a Degrowther
What else do you call a strategy designed to raise prices and lower productivity?
So, About Those Big Trade Deals
If you read the fine print, the “concessions” from America’s trade partners don’t add up to much.
Does the Stock Market Know Something We Don’t?
The uncomfortable fact about its historic run is that no one is sure why it’s happening—or what could bring it to an end.
The Mystery of the Strong Economy Has Finally Been Solved
Turns out it wasn’t actually that strong.