Category: The Economy

Will Trump’s OMB Director Blow Up the World?

Catherine Rampell of the Washington Post is worried that Mick Mulvaney will blow up the global economy by destroying the creditworthiness of the United States’ debt. It’s not an unreasonable concern considering that Mulvaney has been nominated to serve as…

More Death to Our Hometowns

In the aftermath on the housing crisis that led to the Great Recession, Bruce Springsteen wrote a song about it called Death to My Hometown.  Here are some of the lyrics: I awoke on a quiet night, I never heard…

The Collapse of American Elite Power

I’m not quite sure how to read Mark Landler and Jane Perlez’s article in the New York Times on President Obama’s trip to Asia. It essentially scolds the president for not having an early and coherent and tough enough policy…

Trump Takes Idiot to Eleven in Scotland

Writing in the New York Times, Ashley Parker casts some shade on Donald Trump’s triumphant reaction to the U.K.’s decision to separate from the European Union. Early in June, Mr. Trump did not even know what Brexit referred to, and…