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February 16, 2024
The Twilight of US Trade Leadership
As 2024 begins, the United States continues its retreat from its post-World War II role as leader of a rules-based global trading system. This retreat began in 2017 with the mercurial and destructive trade policies of former president Donald Trump and has continued since 2021 with the deeply conflicted trade policies of current President Joe…
March 16, 2023
The SVB Bailout Will Have Unfortunate Long-Term Implications
Now that the bailout of the Silicon Valley Bank depositors at 100 percent rather than the nominal $250,000 limit has been announced, it is difficult to discern whether the primary motivation is avoidance of future bank runs by small businesses and the like, or an old-fashioned effort to reward the wealthy friends of the Democratic…