President Joe Biden speaks on the phone with EPA Administrator Michael Regan and Ohio Governor Mike DeWine about the toxic train derailment in East Palestine, Ohio, Tuesday, February 21, 2023, at the Warsaw Marriott Hotel. President Joe Biden speaks on the phone with EPA Administrator Michael Regan and Ohio Governor Mike DeWine about the toxic train derailment in East Palestine, Ohio, Tuesday, February 21, 2023, at the Warsaw Marriott Hotel.

SVC, Bank Contagion, and Government Action

The Biden administration had little choice but to act.

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Silicon Valley Bank Too Big to Fail?

Here we go again.

Crypto Crash

The bubble may have burst.

Court Leaves Eviction Ban in Place

An unfunded mandate remains in place.

$2 Trillion Relief Deal Reached

Finally.

Warren Persistent Despite Losing Again

She’s continuing to swing at the candidates beating her at the polls.

Paul Volcker, Fed Chairman Who Slew The Inflation Dragon, Dies At 92

Paul Volcker, the Chairman of the Federal Reserve Board who put an end to the rampant inflation that threatened to choke the American economy, has died at 92.

Warren Comes Under Fire In Fourth Democratic Debate

Elizabeth Warren took most of the fire during last night’s fourth Democratic debate, which will likely go a long way toward winnowing down a crowded field.

Fact Checking in the Trump Era

Can the media fairly parse the statements of those running against President ‘Bottomless Pinocchio’?

Trump And Congress Reach Deal On Budget-Busting Debt Deal

President Trump and the Congressional leadership have reached agreement on a multi-year budget deal that that busts through all remaining controls on spending.

Federal Reserve Sees Big (Negative) Impact On Economy From Trump’s Trade War

The latest Federal Reserve report on the economy shows Trump’s trade policies are having an increasingly negative impact.

As Shutdown Continues, Concern Turns To Its Economic Impact

As the shutdown drags on, it’s beginning to have an impact on the economy.

Larry Kudlow Trump’s Next Economic Advisor

Best known as a television host, he served in the Reagan administration and chief economist of Bear Stearns.

Trump Nominates Jerome Powell To Head Federal Reserve Board

President Trump has selected Jerome Powell, a member of the Federal Reserve’s Board of Governors, to replace Janet Yellen as Chairman.

John McCain Is Taking On Donald Trump Without Regret

John McCain has been standing out from his fellow Republicans largely by unleashing on President Trump, and it is unlikely to end anytime soon.

Janet Yellin Hints At Another Rate Increase This Month

Federal Reserve Board Chair Janet Yellin hinted strongly today that we’re likely to see another interest rate increase this month.

Senate Approves Mnuchin For Treasury Secretary As Trump Cabinet Comes Together

With two votes last night, President Trump’s Cabinet is coming together.

As Expected, Federal Reserve Raises Interest Rates For Second Time In Ten Years

The Federal Reserve Board raised interest rates for only the second time in a decade, but it still seems like it’s chasing an inflation monster that doesn’t exist.

The Micro Economics of the Financial Crisis

The Financial Crisis was not a problem of macroeconomics, but a cluster of microeconomic problems all acting together.

So…That Stimulus

A report card for the 2009 Stimulus Bill.

Democrats Debate In The Shadow Of The Paris Attacks, And Iowa Football

A Saturday night debate wasn’t likely to get much attention to begin with. A Saturday night debate in the wake of a major terrorist attack, and a major football game for Iowa’s premier college football team, likely got even less attention. That’s probably good news for Hillary Clinton, and bad news for her two remaining rivals.

Final Revision Shows Strong Second Quarter GDP Growth

The final GDP revision for the second quarter showed the economy grew at a nearly four percent rate.

Oil Prices Continue To Fall, But Don’t Expect It To Last Forever

The price of oil is continuing to fall, but it won’t last forever.

Tea Party Hits New Low In New Poll

The Tea Party hit another new polling low, but that really shouldn’t be much of a surprise.

Euro Zone Jobless Rate Remains At 12.5%, Solutions Seem Out Of Reach

The economy of the Euro Zone remains in quiet dire straits, unless you’re lucky enough to live in Germany.

Yes, The Shutdown Is Hurting The Republican Party More Than Obama And The Democrats

There’s no denying it now. The GOP is being harmed by the events in Washington far more than the President and Democrats in general.

Dysfunctional Government Has A Real World Impact

The real world impact of what’s happening in Washington is becoming apparent.

Are The Markets Starting To Notice How Messed Up Things Are In Washington?

Signs that investors are starting to get nervous about the lack of action coming out of Washington.

Return Of The Debt Kamikazes

They’re back…….

China And The Future Of World Oil Markets

The world oil markets aren’t too far away from being hit by the shock of massively increased demand from China. Somehow, we’ll have to adapt.

Judging Presidents (and Thinking about Institutions)

Because sometimes poorly contructed observations can set a fellow to writing.

Federal Reserve Announces Another Round Of Stimulus Creating Money Out Of Thin Air

Ben Bernanke thinks doing more of the same is just what the economy needs.

Obama Leading Romney In New Polls, Extent Of Convention Bounce Is Unclear

A new round of polling has Obama in the lead and shows reasons why Romney’s supporters should be concerned, but it’s unclear how long any of this will last.

One Man’s Truth Is Another’s Outright Goddamned Lie

John Cole takes exception to my recent summary of recent Obama campaign highlight.

Obama Holds Strong Lead Among People Who Aren’t Going To Vote

There’s a large group of people out there that like the President, but they’re probably not going to vote.

Congress, Insider Trading, And The 2008 Financial Crisis

More evidence of the extent to which Members of Congress have profited from the inside information they receive.

Nice Work If You Can Get It

Becoming a Member of Congress can be a very lucrative career.

Hank Paulson, The Bush Treasury Department, And Crony Capitalism

Guess who got advance warning of government actions on the eve of the 2008 financial crisis?

Dan Drezner: RINO

When It Comes To Foreign Policy, Herman Cain Is Dangerously Clueless

Herman Cain’s foreign policy consists of little more than deliberate ignorance.

Economic Crisis: What Could Government Have Done Better?

With the advantage of hindsight, it’s clear that more creative strategies were needed. But they probably couldn’t have been passed.

Obama Answers Reagan’s Question

In an interview, President Obama says that Americans are worse off than they were four years ago.

James Carville To Obama: Time To Get Tough And Fire Some People

James Carville has some advice for Barack Obama. It boils down to “be like Bill Clinton.”