Treasury Secretary Scott Bessent has found another opportunity to lecture Senator Elizabeth Warren on elementary economics. In a combative post on X, he accuses Warren of manipulating inflation statistics, ignoring improvements in real wages under President Donald Trump, and selectively choosing figures that make the administration look bad. His language is colorful, his … [Read more...] about What Scott Bessent Doesn’t Say: America’s Debt Crisis Is Bigger Than His Inflation Argument
Opinion
Garamendi Condemns Trump’s Decision to Ease Russian Diesel Sanctions, Warning of Risks to U.S. National Security
Representative John Garamendi, a California Democrat and senior member of the House Armed Services Committee, has sharply criticized President Donald Trump’s reported decision to ease sanctions on Russian diesel fuel, arguing that the economic benefits for American consumers would be negligible while the strategic consequences could be substantial. In a statement released from … [Read more...] about Garamendi Condemns Trump’s Decision to Ease Russian Diesel Sanctions, Warning of Risks to U.S. National Security
Pedro Sánchez Had It Coming as Spain Heads to a Snap Election
On September 23, María del Carmen Abascal, 87, was carried out of her flat on Calle Alcalde Sainz de Baranda on a stretcher. The crowd outside chanted her name, Maricarmen. She'd lived there about seventy years and never missed the rent. The company that bought the flat in 2018 wanted more each month than her entire pension, and it turned down every offer to keep her there. … [Read more...] about Pedro Sánchez Had It Coming as Spain Heads to a Snap Election
Allister Heath Is Right: Britain Is Poorer, More Backward and Less Relevant Than Britons Realise
My reflex with British declinism is to discount it. The country's newspapers have been announcing its end since Suez, and Allister Heath, who edits the Sunday Telegraph, announces it more often than most. He's also the columnist who called Kwasi Kwarteng's 2022 mini-budget the best he'd ever heard a chancellor deliver; the gilt market gave its own verdict within a week. So when … [Read more...] about Allister Heath Is Right: Britain Is Poorer, More Backward and Less Relevant Than Britons Realise
Trump Is Right About the AI Race With China, Even After the Coxon Warning
I have never found much to agree with in anything Donald Trump says about technology, and I'm not going to pretend his grasp of what these systems actually do extends past the marketing. He talks about AI the way he talks about everything: in superlatives, with the confidence of a man who has never read the footnote. When he stood on the tarmac in Dallas on Thursday and was … [Read more...] about Trump Is Right About the AI Race With China, Even After the Coxon Warning