Part of my wish-list of thinkers who I hope will read and find merit in _False Dawn_: John Cochrane Jason Furman Nathan FOIA Tankus Zachary D. Carter David Glasner Nick Timiraos Victoria Guida Kate Judge David Andolfatto 🇮🇹 🇨🇦 🇺🇸 Aaron Klein Douglas Irwin Roger E. A. Farmer Niall Ferguson Greg Ip press.uchicago.edu/ucp/books/book…

The Trump administration has quietly approved a $1.5 million raise for Freddie Mac President and interim CEO Michael Hutchins, per new filing. His total compensation starting April ‘26 will be $7 million.

If Section 899 "doesn’t have the intended effect of changing foreign tax policy, then you’re left with both the original bad taxes and a new very destructive tax on top of it," Cato Institute's Adam Michel told POLITICO. politico.com/newsletters/di…

The Senate tax text: "More Growth, More Subsidies" My Substack this morning includes tables of all the major changes in the Senate text, House version, current law, and my recommendation.

Most discussions of the U.S. decision to start paying interest on bank reserves in October 2008 get the story wrong, because they assume that the decision made sense. It did not: IOR was a _contractionary_ innovation. 1/

🧵Today’s Debt Dispatch: -Deportations could cost $900B -The risk of financial repression -The New York Times quotes me on federal deficits -The National Desk quotes me on the GOP reconciliation bill -$57B more in subsidies for millionaire farmers👇

Protected US Shipbuilding Continues to Sink cato.org/blog/protected… via Cato Institute

California has somehow managed to spend ~$200,000 per homeless person only to see homelessness increase. Federal taxpayers don't need to subsidize Golden State bloat. Comparisons from David Ditch:

On the one hand, the Jones Act imposes significant economic costs. On the other hand, it has produced a wildly uncompetitive shipbuilding industry with minuscule output.

Small businesses face a hard time tapping into the US equity market due, in part, to hefty regulations on both investors and businesses. Join Cato CMFA and industry experts as we explore the solutions to America's economic backbone. buff.ly/bKZox7w

🗓️Join us on 6/24 for an afternoon dedicated to discussing barriers to capital formation and the solutions to break through them. Looking forward to talking w/Cromwell Coulson, Gerry Hays, JD, QAI, Karen Kerrigan, Alex Platt, Amy Reischauer, and Joel Trotter. cato.org/events/removin…

The administration has been hurling insults at Fed Chair Powell to pressure the FOMC into rate cuts. Politically motivated monetary policy is dangerous and counterproductive. Read my new Cato CMFA article here: cato.org/blog/political…

America Does Not Need Government Sponsored Businesses via @forbes forbes.com/sites/norbertm…

Visual feature up Cato Institute showing what’s really going on with these ‘trust funds.’ cato.org/visual-feature…

Everyone would laugh if the progressive Hewlett Foundation or the progressive Omidyar Network offered to teach "Conservative Economics 101," which is why Hewlett has laundered $3.2M through Oren Cass's American Compass and Omidyar has given Cass $500K.

Is capitalism really crushing the middle class—or are bad policies and worse narratives to blame? In this episode of the Let People Prosper Show, I’m joined by Dr. Norbert Michel (Norbert J. Michel), vice president and director of the Cato Institute's Center for Monetary and

Capitalism isn’t the problem—it’s the scapegoat. Politicians want you to believe that markets have failed us, when the truth is that failed government policies, excessive spending, and misdirected regulation are what’s really crushing opportunity. Norbert J. Michel of

Pulte I know something people are sick and tired of - interference of free markets by the Conservatorships. Fannie and Freddie are not banks. Acting like a bank is what got us in this mess. FnF should be silent partners so free markets and liberty to thrive. #demographics

More important than the question of independence: "The Fed does not control all interest rates and borrowing costs. The Fed influences the federal funds rate, which in turn can influence other borrowing costs and the economy at large. But the mechanism is indirect and imperfect,

The Resilient American Dream | Hoover Institution The Resilient American Dream Thank you, David Henderson, for the great review. hoover.org/research/resil…