Sports Can’t Survive Prop Bets
As long as one player can fix the outcome of a wager, the temptation will prove irresistible to some athletes.
Economy
The Everything Recession
First Washington, then the nation?
Trump Is Getting Closer to Having an ‘Infinite Money Pit’
If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.
The Economy Is Turning Into a Black Box
Sophisticated private sources could provide a fuller picture of the state of the economy. But the government is not even trying to use them.
Just How Bad Would an AI Bubble Be?
The entire U.S. economy is being propped up by the promise of productivity gains that seem very far from materializing.
America’s Perón
Decades of personalist rule turned Argentina into a global economic laughingstock. Donald Trump seems to have misunderstood the lesson.
Yes, Cash Transfers Work
Money alleviates poverty. It’s not complicated.
The Lisa Cook Case Could Be the Whole Ball Game
If the Supreme Court lets Trump replace Cook with a loyalist, he might soon achieve a full-blown takeover of the Federal Reserve.
How the Richest People in America Avoid Paying Taxes
A clever new paper puts concrete numbers to the taxes paid by members of the Forbes 400.
Why Housing Feels Hopeless
Redfin CEO Glenn Kelman on zoning, generational inequality, and how to fix the U.S. housing market. Plus: What Trump gets dangerously wrong about World War II.