The Fed essentially nationalized a lot of the banking business on Sunday night.

January 2023

For better and for worse, the Foundation series is quite possibly the definitive statement of 20th Century American liberal thought.

October 2022

Brad DeLong's new book Slouching Towards Utopia offers a corrective to months of madness.

September 2022

Way to go, gang.
A new post for paid subscribers.

August 2022

It's about the social order.

July 2022

High unemployment is extremely dangerous.

June 2022

I'm writing another book.

May 2022

Change is possible. There is no other choice.
But it could throw a wrench into American diplomacy.
The Roe repeal demonstrates once again that American conservatism is not a doctrine of caution or humility.

April 2022

Trump appointee Christine Wilson is smearing antitrust reformers as agents of 'tumult and destruction.' It's disgraceful.