Fed independence is now dead, and we are entering a new era of politicized economics. Let’s analyze where the economy is, and think about where things might go from here.
policy
The Tariff Announcements Don’t Matter. The Uncertainty Does.
Pay less attention to the day-to-day, and more attention to the big picture. Follow the data, and it will tell the story.
The American Trade War – Our Bunker Hill Moment
I spent a long time working on a nice, big explainer blog to talk all about tariffs with you. Then, yesterday, we got the much-anticipated Liberation Day announcement, and you’ve seen the market reaction since. I hope you celebrated yesterday!… Read More ›
March 2025 – No One Has Any Clue What’s Going On
Two months into the new administration, and no one has a clue. Let’s make some sense of where we are.
Currency Adjustments and “Contagion”
Today I want to talk about debt. Not the kind you think about when you see headlines about student loans, credit cards, or the federal budget. No, this is a very special kind of debt, a kind you likely will… Read More ›
Fiscal Policy Part 2 – A Primer on Tariffs
If you haven’t been living under a rock for the past half year or so, you likely saw some variation of this headline on the news: “Trade war heating up with China and/or the EU and/or Canada and/or Mexico!” “Trump… Read More ›
The Millennial Economist 