04 September 2025
Compound Interest
Last week, President Trump purported to fire a member of the Federal Reserve Board, Dr. Lisa Cook. And although he appointed Jerome Powell Chairman of the Federal Reserve during his first term, Trump has since directed constant scorn at Powell and repeatedly threatened to remove him as well. This controversy forms part of Trump’s broader effort to assert sweeping control over the executive branch. It also reveals his particular interest in loosening U.S. monetary policy. Yet his actions carry significant legal and economic risks of their own. Continue reading >>
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22 July 2025
The Demise of Congress
Last week, Congress passed a bill permitting deep cuts to foreign aid and public broadcasting programs – just days after enacting what Donald Trump hailed as the “Big Beautiful Bill,” widely seen as a legislative disaster. Congress is increasingly surrendering its constitutional power of the purse and, with it, its institutional identity in relation to the presidency. Its collapse in favor of pure partisanship signals the breakdown of the system of checks and balances at the heart of the U.S. Constitution. Continue reading >>
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