Relevant and even prescient commentary on news, politics and the economy.

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Paul Waldman conflates two entirely different things about media coverage: media coverage of and about Trump himself and media coverage of Republican congressional policy proposals. He’s right about one of those things, but clearly wrong about the other.

…Congress to repeal the Obama administration’s rule under Dodd-Frank making financial advisers legal fiduciaries. In a story last week titled “Obama vetoes legislation to thwart financial adviser rule,” the Associated…

Crises and Coordination

…and suggests that financial sector shocks may be most relevant for modeling open-economy coordination. But widespread cooperation could undercut the ability of a central bank to credibly commit to a…