As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come. Original Article: "The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money"
While George Orwell wrote magnificently against totalitarianism, his attempt to defend socialism in The Road to Wigan Pier stumbled badly. Original Article: "Review: Orwell's The Road to Wigan Pier"
Thomas A. Berry and Nicholas DeBenedetto New York City has maintained a system of rent control since the 1940s. Property owners in the City are subject to a thicket of regulations that affect their ability to rent and limit their right to exclude—arguably the most fundamental right in
Chris Edwards The Biden–GOP debt deal adjusted work requirements in the Supplemental Nutrition Assistance Program (SNAP) but did not cut the program’s spending. Cuts are needed because SNAP outlays have exploded from $63 billion in 2019 to an estimated $145 billion in 2023. Congress will have
Nicholas Anthony In a series of Twitter threads posted on April 12, April 21, April 27, May 2, May 9, May 16, May 24, May 30, and June 6, the Federal Reserve tried to dispel some of the concerns that FedNow is a central bank digital currency, or
In San Francisco, Government Failure Erases Billions of Dollars of Commercial Real Estate Valuations
Marc Joffe San Francisco is proving to be ground zero in the nationwide commercial real estate collapse. While the values of offices and malls are tumbling in many US cities, the losses in San Francisco are more dramatic and, unlike elsewhere, have extended to hotels. City
The real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by inflation. The issue of whether it turns out that the US Treasury for a few weeks has been slow in servicing its debts—with
Adam N. Michel Ways and Means Committee Republicans recently introduced the American Families and Jobs Act, an economic tax package that addresses significant ongoing tax increases on domestic investment built into the 2017 Tax Cuts and Jobs Act. Most of the Republicans’ major proposed changes
Patrick G. Eddington As you probably have heard or otherwise know by now, the 37‐count indictment against former President Trump has been released (WARNING: large file). I’ve highlighted a number of sections in yellow that I think are particularly telling. For the benefit of those who are not fluent
Gabriella Beaumont-Smith During the pandemic, Senator Mark Warner (D‑VA) released a video showcasing his tuna melt recipe—complete with a surprising amount of mayonnaise and heated in a microwave (no judgement). The “unhinged” recipe video went viral and three years later, Washingtonian sat down with Senator Warner to have him