What Would Be Worse Than a Recession?
The loss of America’s economic hegemony
Economy
The Coming Economic Nightmare
Trump’s tariffs could cause stagflation for the first time in decades. It may go on for a long, long time.
Congressional Republicans Might Set Off the Debt Bomb
Their new budget framework is the most irresponsible in modern history—and will put the American economy on a very dangerous trajectory.
The Force That Holds Trump’s Coalition Together
Traditional Republican elites tolerate the authoritarianism because they want the tax cuts.
‘You Think We’re Afraid of America?’
Chinese manufacturers seem ready for a trade war.
What If China Wins the Trade War?
The United States could still prevail if it does everything right. The problem is that the Trump administration is doing everything wrong.
Trump Is Flirting With Economic Disaster
By threatening the independence of the Federal Reserve, the president risks undermining many of his key goals.
A Trade War With China Is a Very Bad Idea
Yes, the U.S. has the larger consumer economy. No, that won’t be enough to avoid major (and majorly self-inflicted) pain.
Trump Is Running Economic Development In Reverse
The combination of tariffs and cuts to scientific research seems designed to move America down the value chain.
Trump Brings Britain’s ‘Moron Premium’ to the U.S. Economy
What America might have learned, but didn’t, from Britain’s 2022 financial-markets debacle