Conferencing, Day 1
Normal service resumes Friday
Recent essays
30 of 119Why Is Trump Still Boosting AI?
Because it’s the only thing he has left
The MAGA Plot(s) to Destroy Humanity
On AI and climate, it’s the same story of mass destruction
Trade, Peace and War
Welcome to the dark side of globalization
Henry Farrell and Abe Newman on Weaponized Interdependence
SWIFT, the Strait, and a world of economic confrontation
The Long Decline of America
It began decades before Trump
Bessent and the Bonds
Big talk, but he carries a very small stick
Adding Injury to Insult, Canada Edition
This idiotic trade war will hurt more than people realize
Where’s the Beef (Coming From)?
Meat and freedom!
Neo-Nazis and the Impotence of Trumponomics
Crude economics doesn’t explain what just happened
Weaponized Interdependence
Who has the power in a trading world?
Day Off
Recharging for a bit
Ingots We No Longer Trust
America’s word is as good as gold — that is, unreliable
Imperialist Delusions and the Price of Fuel
Trump and Bessent tried to betray Ukraine. Now they don’t have any cards.
The Hits Keep Coming
How much chaos can the economy take?
The Plot to Steal Venezuela’s Oil
A scam that is both vile and deeply stupid
From Kakistocracy to Cheatistocracy
Rewarding the most dishonest
Oligarchy and the Great Evasion
The tax gap: What it is and why it matters
Talking Interest Rates with Ricardo Caballero
Are U.S. bonds still the ultimate safe asset?
Make Geography Great Again
What’s in a name?
Biden Derangement Syndrome
Even the Trump sycophants realize that they’re in big trouble
Der Untergang
How badly will Trump punish America?
Losing the Iran War: The Economic Front
The D in Bessent’s “D-Day” stands for Dud
The Moose That Roared
Why Trump will lose his war with Canada
Debt and Tax Cuts
How did U.S. debt get so big? The answer may surprise you
Jared Bernstein on Debt (Reposted with better transcript)
How worried should we be?
Defending the Bonds
I am reporting for duty
Scott Bessent Fails to Gaslight the Market
What doth it profit a man if he sell his soul and can’t even manipulate the 30-year?
The Case Against Bond Market Panic
Don’t let the Very Serious People undermine a progressive agenda — again
What Are Bond Markets Telling Us?
Interest rates are up — but don’t panic