Trump Is Getting Closer to Having an ‘Infinite Money Pit’
If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.
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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.
America’s Perón
Decades of personalist rule turned Argentina into a global economic laughingstock. Donald Trump seems to have misunderstood the lesson.
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.
The Damage to Economic Data May Already Be Done
Donald Trump’s pick to run the Bureau of Labor Statistics doesn’t have to manipulate any numbers to undermine the reliability of the government’s jobs reports.
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.
Meddling With the Fed Could Backfire on Trump
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.