If You Tax Them, Will They Leave?
A California wealth-tax proposal makes a high-stakes bet on billionaire psychology.
Economy
The Respected Economist Turned Trump Propagandist
Kevin Hassett might do Trump’s bidding at the Federal Reserve, marking a new stage in the president’s control over the American economy.
Trump Almost Has a Point About the Federal Reserve
The central bank has long abused its power in ways that benefit the financial sector at the expense of everyone else.
Trump Is Throwing Away America’s AI Dominance
Lifting export controls on Nvidia’s second-best chip jeopardizes America’s AI advantage over China.
Something Ominous Is Happening in the AI Economy
The last time so much wealth was tied up in such obscure overlapping arrangements was just before the 2008 financial crisis.
Something Feels Different About the Economy
Human brains were not meant to think about trillions of dollars.
Mamdani Has a Point About Rent Control
In an interview, the candidate argued that the policy is essential to get voters on board with pro-housing reforms.
Sports Can’t Survive Prop Bets
As long as one player can fix the outcome of a wager, the temptation will prove irresistible to some athletes.
The Everything Recession
First Washington, then the nation?
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.