The Fight over COVID Relief Reveals the Brokenness of Our Political System
Congress won’t act. The executive can’t address the problem by itself, but tries anyway.
Fiscal Policy
Watch Out for Home-Equity Theft on the Horizon
Under laws like these, homeowners lose their nest egg, including years of equity, no matter how small the tax debt was.
The Capital Note: Individual Investors, Inflation & the Invisible Hand
The Role of Robinhood, Inflation-Adjusted Capital-Gains Taxes, Shakespeare's Influence on Adam Smith, and more.
COVID-Relief Talks March On, Slowly
Yikes. I wasn't expecting things to drag on this long with key aid provisions expired.
The Capital Letter: Week of August 3
Efforts to protect companies from abusive coronavirus litigation, Susan Berfield’s new book, the next stimulus package, wage inequality, and more.
Is the U.S. Following the Japanese Death Spiral?
With ballooning federal deficits and slowing growth, the U.S. looks more and more like Japan.
Stimulus: The Next Moves?
I feel confident that the $600 weekly extension of federal unemployment benefit support is coming.
Make Growth and Medical Independence from China Priorities in the Stimulus Package
We need to protect Americans’ health and make sure that the temporarily unemployed don’t become permanently unemployed.
Congress Is Blowing Its Deadline for COVID Relief
Bang-up job, everyone!
The Mythical Aggregate Demand Effect of Redistribution
The CBO's “model” of aggregate demand is flawed.