Over the past year, American economic policy has been chaotic and self-destructive (think: tariffs, migration shutdown). Yet growth has been... fine. What gives?
The answer, I argue in @economist.com, is that America could be doing even better.
www.economist.com/leaders/202...
America could have had a gangbusters 2025... were it not for a frenzy of bad policymaking.
Careful work by my colleague Alex Domash recovering the "MAGA tax" on America's economy. He puts it at 0.7-0.8% of 2025 GDP growth.
www.economist.com/finance-and-...
Worth noting that if you take seriously--as I think one should--the idea that low net migration means the breakeven rate for payrolls in near zero, today's figures are even more stonking...
I wrote this week's cover leader for @economist.com, on what we're calling Gen-Z socialism.
We argue that the me-first interventionism the new crop of socialists are offering is novel and worth taking seriously. For now, market liberals are losing the argument.
www.economist.com/leaders/2026...
And, I chatted all this through on our new Economist Insider show, which went up yesterday:
www.economist.com/insider/the...
I took a swing at the grand transatlantic spat over GDP figures, and whether Europe really is falling behind America, in this week's
@economist.com.
Read on to see if I succeeded in sneaking in enough World Cup sugar to make the PPP-accounting medicine go down.
www.economist.com/finance-and...
The leader builds on analysis by my colleague Alex Domash, which you can see here. www.economist.com/finance-and...
Ahead of Kevin Warsh's first meeting as Fed chair, I argue in @economist.com that his case for dovishness has collapsed.
At some point, he will need to deliver the bad news to the president.
You can read my leader explaining why here: www.economist.com/leaders/202...
Archie Hall
Archie Hall
Archie Hall
Archie Hall
Archie Hall
Archie Hall
Archie Hall
Archie Hall
MAGAnomics shows the world what not to do. But also what America keeps getting right
