Most popular posts by Economists and Policy Experts community members over the last 24 hours. Updated hourly.
NYT found the “big beautiful bill” would be the largest transfer from the poor to the rich in a single law since at least 1990. In fact, it would be the largest transfer *ever.* Reagan’s low-income cuts were MUCH smaller - and his tax cuts were done separately. And before him, nothing comes close.
I hate having to constantly explain basic stuff like “externalities” to this administration. Do people think we were subsidizing solar for funzies or because it has benefits in terms of CO2 reduction not captured in the direct value of electricity it produces?
I couldn't agree more, and have been saying this for a couple of months at least. We are under an authoritarian regime right now, the question is whether it manages to consolidate its power or is beaten back by the democratic forces that are stilling operation.
Quick update on Iran-Israel. - Iranian response via ballistic missiles (“dozens” per IDF, “hundreds” per Iranian media) - US forces are helping intercept Iranian missiles - At least some landed in Israel; damage unclear - still not seeing concrete reports of radiation signature from Natanz (yet)
WTI is up 6.7% today and +12.5% for the week. Gasoline futures only up 4.4% and 6.7% for the week, so we're looking at about $3.25 national average gasoline prices a couple weeks out which is not that big of a deal. Cracks rose earlier this year on trade risks but have collapsed since early May.
This is an illegal perversion of the US military, deployed in America, against Americans. No ‘insurrection’ nor civil war exists. I never thought I would live to see this. Our Congress has the Constitutional duty to stop this lawless, escalating rampage. And it turns its back on us.
Lawful channels for migration—designed for the 21st century, at the scale that US prosperity requires, & combined with stable and robust enforcement—are what America needs. Building them requires wisdom, vision, and compromise. In short, leadership. Instead we get numb ideological extremism.
#ICYMI: The week’s top stories ✅ An innovative proposal for year-round, universal childcare 💡 ✅ How Trump’s plans for student loan debt threaten the US economy ✅ Exploring the financial risks of generative AI More in our #RooseveltRundown ⬇️ rooseveltinstitute.org/roosevelt-ru...
Bunq’s clowneries are definitely endless I sent a formal complaint after the truly awful experience I had with their equally awful AI chatbot My request was that customers should be able to talk to a human Bunq replied and somehow, they managed to make things even worse 🤡 1/7