Extractive Taxation and the French Revolution
What ought to be a cause for tariffs pause: unrepresentative and often high taxes were a major spur to the French Revolution.
Read more...Category Archives: Economic fundamentals
How the American Economy Is Rigged to Serve the Rich, and Why Tariffs Won’t Change That
The money to support well-paid American jobs exists—it’s just being hoarded by the rich.
Read more...Trump Wants World to Subsidise US Empire
A Trump advisor argues, in all seriousness, that other countries should help bear the cost of US empire because it confers so many benefits on them.
Read more...Tariffs, the Dollar, and Equities: High-Frequency Evidence from the Liberation Day Announcement
Sales of US equities by foreign owners played a meaningful role in the falll of the dollar after the Trump tariff rampage began.
Read more...Trump’s Tariffs Just Torched His Own Energy Agenda
How Trump tariffs are whacking shale development and in turn, Trump’s prized energy dominace strategy.
Read more...‘You Don’t Need a Tariff, You Need a Revolution’
Chinese point out that Americans are exploited by oligarchs. But the tariffs, like it or not, are part of a radical right counter-revolution.
Read more...Tariffs and Trade Wars: Failing to Learn from the Great Depression
A detailed discussion of the damage done by Smoot Hawley to illustrate why tariffs typically do more harm than good
Read more...7 Truths About Trump’s Tariffs — And the High-Stakes Future They Shape
What is Trump trying to achieve on the economic front? Despite all the bobbing and weaving, he does have some core aims.
Read more...Keynesian Militarism or Wishful Thinking?
European NATO members hope Keynes’ magic will make their newly adopted militarism feasible. A sanity check.
Read more...Michael Hudson: Return of the Robber Barons – Trump’s Inverted View of America’s Tariff History
Trump’s slash and burn tariff policy is to shrink government, gut regulation and sell off public assets to pay for his tax cuts on super rich
Read more...Trade in the Time of Trump
Trump promised in 2016 and 2024 to undo deindustrialization from globalization and free trade, with tariffs as his main tool. Can it work?
Read more...Trump Tariff Climbdown: Consumer Impact Worse Due to China Retaliation; Who Wins Aside from Trump’s Ego
Some further observations about the Trump tariff train wreck.
Read more...Top Trade Expert Says Trump Tariff Pause Lays Bare ‘Just One More Con on Working People’
Do Trump’s trade flip flops, destructive to everyone save perhaps insider traders, show that he has entered a Mad Ludwig phase?
Read more...Data Center Boom Sparks Utility Spending—But How Real Is the Demand?
In an unexpected break for the environment, might much-hyped data center energy demand fall short of projections?
Read more...Longer-Dated Treasuries Sell Off Sharply, Increasing Interest Rates: The Exact Opposite of What Trump Says He Wants
Mr. Market, in the form of longer-dated Treasury yields, is not on board with the Trump tariff scheme.
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