With “affordability” all the rage, Trump may welcome SCOTUS killing his tariffs for him.
Donald L. Luskin
Build It and They Will Come (If You Can Power It)
Friday, November 14, 2025
Natural gas will lead the way among diverse solutions. It may already be priced in.
How to Make Tariffs Inflationary -- and How Not To
Tuesday, November 11, 2025
“Dividends” would be as inflationary as Covid stimulus. Refunds would restart disinflation.
On the SCOTUS Tariff Oral Arguments
Wednesday, November 5, 2025
The three liberals are in the bag to strike down the tariffs. Kavanaugh and Alito are at risk.
Hot Take on the Trump/Xi Trade Meeting
Thursday, October 30, 2025
Trump “wins” – still the highest tariffs in a century, but no rare earths shock.
On the October FOMC: Powell to Miran -- "Take a Step Back"
Wednesday, October 29, 2025
Powell dresses down the doves, but markets remain confident they will win.
Trade Deals Large and Small, Real and Unreal
Monday, October 27, 2025
Another not-reset with China. And reciprocal tariffs on nations that don’t tariff us at all.
Hot Take on the Resumed US/China Trade Crisis
Saturday, October 11, 2025
The problem isn’t China’s rare earths export controls. It’s Trump’s reaction.
Gold at $4,000-plus
Thursday, October 9, 2025
The typical explanations for gold's hyperbolic run-up don't cut it. What does? Anything?
On the September FOMC: It's Chaos I Tell You, It's Chaos!
Wednesday, September 17, 2025
Well, other than Miran's "dot plot" for a 2-7/8% funds rate at year end, it was pretty normal.