Reward Friends, Punish Enemies
Tariffs can be used in a variety of vain and foolish ways — to promote foreign policy goals, to influence other countries’ internal politics, to raise drug cartels’ profits, to pay off big donors.
No Index
The Parts are Wearing Out
Last year, we worked with a grandson and framed out a studio apartment in one of the barns near the house. We didn’t really need another bedroom, but it was a fun project.
The Grammar of a Scandal
‘How to make an airplane totally invisible’…began a post from Elon Musk.
There followed a picture of a fighter jet with Jeffrey Epstein’s client list stuck to it.
L’Affaire Epstein refuses to die.
What Happens Next
It’s not hard for us to imagine what might happen if Donald Trump were to have direct control of Fed policy. He’s already said the Fed should cut rates by 300 basis points.
Trade Squashing
Now we’re going in the other direction…squeezing off trade as if we were kinking a garden hose. And for reasons that often have little to do with trade itself.
Fuji Bomb
The feds’ deficits are clearly a mistake But it will take many years for the harm to show up. The consequences, such as they are, will likely fall on our children and grandchildren, not on ourselves.
