Some of the Framers understood. George Mason, namesake of my university, gave the warning below as Virginia debated ratifying the new US Constitution on June 18, 1788. Perversion of our Constitution will harm all Conservative and Liberal Americans. press-pubs.uchicago.edu/founders/doc...

I surprised myself by listening to the entire Ross Douhat's hour--plus podcast interview with Ben Sasse as he reflects on dying, politics, and his Christian faith. I was glad I did. youtu.be/7CFo6-6BN9k?...

The Timeline of the United States

Trump's legacy: The Era of Free Seas Is Unraveling—and Now Everyone’s Going to Pay www.wsj.com/world/middle...

White House budget would slash NSF budget nearly 55%, cut funding for NSF division that funds research on social sciences & economics. At internal meeting, NSF leaders say they'll dissolve NSF Social, Behavioral and Economic Sciences directorate www.scientificamerican.com/article/trum...

Except we’ve spent $50 billion, the Strait is closed and 3000 people are dead. @bloomberg.com www.bloomberg.com/news/article...

The US Administration has proposed a new rule that would bar almost all asylum-seekers from legally working, for at least a decade. My colleagues and I have written and submitted a detailed analysis of how this act will impact the United States economy. 🧵—>

Washington Post's Michael Kranish recalls the bipartisan spirit of 1990 that produced landmark legislation, much of which is now being dismantled. What happened? wapo.st/424t3ru

The long tail of PPP: Maryland's Woodholme Country Club got a $695k PPP loan even tho 501(c)7 social clubs weren't eligible. agrees to pay. In settlement with US attorney, club agreed to pay govt $1 million. Whistleblower gets $100k www.justice.gov/usao-dc/pr/m...

Hope the war is over by then The 2029 Annual Meetings of the World Bank Group and International Monetary Fund will take place in Abu Dhabi, United Arab Emirates, in October 2029, as decided in a vote by the Boards of Governors of the two institutions.

Punchbowl: News. The Senate Banking Committee is no longer planning to hold a hearing for Federal Reserve nominee Kevin Warsh next Thursday, according to two sources with knowledge of the planning

UPDATED. Federal, state & local fiscal policy subtracted 1.3 percentage point from U.S. GDP growth in the fourth quarter of 2025, according to the Hutchins Center Fiscal Impact Measure via @brookings.edu www.brookings.edu/articles/hut...

US fertility rate hit record lows in 2025 as childbearing continued to shift toward older women, according to new federal data www.wsj.com/us-news/why-...

FT says Iran will demand that shipping companies pay tolls in **cryptocurrency** for oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire. giftarticle.ft.com/giftarticle/...

Punchbowl has the latest on the Warsh confirmation saga. punchbowl.news/archive/4926...

Politico says Trump picks Chris Phelan of Univ of Minnesota/Minneapolis Fed to be next chair of Council of Economic Advisers. Is Miran going to nominated to stay at the Fed? www.politico.com/news/2026/04...

Chris Hughes argues the Federal Home Loan Banks could and should do more to increase the supply of housing. www.nytimes.com/2026/04/08/o...

????

More than 3,400 attorneys have left Justice since January 2025, according to Office of Personnel Management, a staggering number for an agency that typically employs about 10,000 lawyers. On average, the departing employees had about 14 years of service. www.wsj.com/us-news/law/...

I am digging more on this one and there was this, which can mean President really have the power to assign the acting chair of Fed Board 🤔

Opportunity Zones 2.0: Treasury, IRS identify 25,332 population census tracts that are low-income communities eligible to be a 2027 OZ.Of those, 8,334 tracts are comprised entirely of a rural area. Governors can designate up to 25% of the eligible tracts for the tax break www.irs.gov/pub/irs-drop...

**Onn average**, members of Congress' \portfolios underperform or, at best, match market benchmarks after the STOCK Act. www.nber.org/papers/w35041

"Banana's brazen charm"? cooking.nytimes.com/article/bran...

my entire timeline on x is now just iranian embassies demonstrating a facility with the english language that puts everything i've ever read from the trump administration to shame

Cancer wasn't quite a literal death sentence like HIV was, but you had a barely coin flip chance of making it across the board 5 years, and a whole lot of different kinds that were close to a death sentence in 1980 that are extremely treatable today

A White House official sounds glum about the fallout of the Powell probe in this NY Mag profile of Pirro

Daniel Lippman: Kevin Warsh’s Senate hearing to become Fed chair has been set for April 16. His sherpa team has been headed by Deputy Undersecretary for Legislative Affairs Derek Theurer — who returned to his role to focus on Warsh’s nomination + Samantha Schwab. politico.com/newsletters/...

Here is my thread on Trump's budget request, which I'll update throughout the day. He calls to cut domestic discretionary funding to the lowest level in the modern era. Trump's budget reimagines Americans' relationship with our govt, and proposes a country that does less to help people get by.

Dallas Fed's Logan offers her list of ways to reduce the size of the Fed's balance sheet. www.dallasfed.org/research/eco...

Terrific yarn in @wsj.com by Robert McMillan. How a college kid tracked down some devious hackers. www.wsj.com/tech/kimwolf...

Anyone find a table in the FY2027 Trump budget that shows what deficit would be if his proposals were adopted? The conventional summary table is missing.

“Dumping the Army chief of staff in the middle of a war, without explanation, is a reckless move even by Hegseth’s standards,” @RadioFreeTom argues: theatln.tc/u4Lw54Ut

A new paper from Fed board economists concludes that breakeven job growth is near zero "It would not be unusual for there to be one or more months in 2026 with declines in total payroll employment as large as -100,000 jobs, even if economic output was growing at the rate of potential output growth"

Jacqueline LaPointe summarizes David Cutler's new @brookings.edu paper which argues, with detail, that the US has bent the health care cost curve. www.techtarget.com/revcyclemana...

How can the Fed reduce its balance sheet if it wants to do so? www.brookings.edu/articles/how... a podcast with Stanford’s Darrell Duffie on his recent BPEA paper @brookings.edu

You probably already know this from other needy authors, but pre-orders are *super important* to show book stores that people are vaguely interested in what you’ve written. So if you’re considering buying my book then please do so in the coming weeks. www.penguinrandomhouse.com/books/750210...

Wild story: President appoints someone to the central bank recommended by his own finance minister. The appointee resists the president's demands to approve bigger rate cuts, and now the president says he "stupidly" followed the minister's advice, leading to "the worst mistake of my government."

BREAKING: “It is increasingly clear that as the world continues down this volatile path our long term national interest requires closer partnership with our allies in Europe and with the European Union.. Brexit did deep damage to our economy” Prime minister Keir Starmer 👏

Martin Wolf: The US is no longer a credible world leader. If it can elect this man twice, it has lost the plot. Why would it not elect someone even worse? Such a country is incapable of providing reliable global hegemony. What it provides instead is an unpredictable wrecking ball.

My @brookings.edu colleague propose adding (formal) home care services to Medicare and describe how to finance it. www.brookings.edu/wp-content/u...

New at Hutchins Center @brookings.edu: Michael Bauer, Diego Känzig & Glenn Rudebusch find carbon pricing shocks in Europe raise inflation expectations, but markets don't anticipate the ECB will raise rates in response. www.brookings.edu/articles/car...

Guess the folks at the SEC are taking their cues from Golfer-in-Chief Trump: SEC Information Technology supervisor resigned, and two employees were suspended following investigation into whether they golfed during duty hours without taking leave. www.oversight.gov/sites/defaul...

Chief Justice Roberts' great-grandparents emigrated to the US in the late 1800s from what is now Slovakia. Their son, the chief justice’s grandfather, was born before his parents were naturalized, but he was nevertheless an American via birthright citizenship. www.nytimes.com/2026/03/31/u...

Fact o day: Two-thirds of the nation’s 3,100 counties—representing 28% of the U.S. population—had more deaths than births in 12 months ending June 2025.uly 2024 and July 2025. www.wsj.com/us-news/wher...

"The Atlantic is announcing the hires of four new staff writers.... "All are joining from The Washington Post." That's a lot of talent, going to a direct competitor.

Megan Shannon Spotted on my flight back to DC from Palm Beach tonight: Fed Chair Jerome Powell, seated in first class, and farther back in coach the U.S. attorney currently investigating him, Jeanine Pirro. Deputy AG Todd Blanche was also aboard. A 9:40 PM · Mar 29, 2026

IMF: "Although the war could shape the global economy in different ways, all roads lead to higher prices and slower growth." www.imf.org/en/blogs/art...