The Lunacy of Lawfare Against the Fed
https://www.wsj.com/opinion/jerome-powell-anna-paulina-luna-lawfare-federal-reserve-donald-trump-be289db7
Criminalizing a spat over interest rates is an Argentina-level mistake.
Trump is ruling America like a petty, vindictive mob boss
https://www.telegraph.co.uk/us/comment/2025/07/22/trump-is-ruling-america-like-petty-vindictive-mob-boss/
https://www.wsj.com/opinion/jerome-powell-anna-paulina-luna-lawfare-federal-reserve-donald-trump-be289db7
Criminalizing a spat over interest rates is an Argentina-level mistake.
Trump is ruling America like a petty, vindictive mob boss
https://www.telegraph.co.uk/us/comment/2025/07/22/trump-is-ruling-america-like-petty-vindictive-mob-boss/
Columbia University economist Suresh Naidu:
https://www.nytimes.com/2025/07/23/opinion/trump-columbia-deal-professor.html
In economic history, we teach the 1688 creation of parliamentary supremacy as a solution to what economists call “commitment problems.” In the absence of a third party sufficiently strong to make sure all sides stick to their promises, the powerful can renege on the powerless. The powerless, seeing this, wisely choose to not contract with the powerful. Absolutist rulers are victims of their own lack of restraints; a sovereign who is too powerful cannot get inexpensive credit, because nothing stops the ruler from defaulting on any bond. President Trump, by smashing checks on his authority, has wound up undermining his own ability to make credible deals, including the one just reached with Columbia University
https://www.nytimes.com/2025/07/23/opinion/trump-columbia-deal-professor.html
In economic history, we teach the 1688 creation of parliamentary supremacy as a solution to what economists call “commitment problems.” In the absence of a third party sufficiently strong to make sure all sides stick to their promises, the powerful can renege on the powerless. The powerless, seeing this, wisely choose to not contract with the powerful. Absolutist rulers are victims of their own lack of restraints; a sovereign who is too powerful cannot get inexpensive credit, because nothing stops the ruler from defaulting on any bond. President Trump, by smashing checks on his authority, has wound up undermining his own ability to make credible deals, including the one just reached with Columbia University