
Trump’s Tariff Shock and the China Supply Chain Trump’s Tariff Shock and the China Supply Chain
We are now in a trade war with China, and the only question is: How long before Trump (and America) blink?
Apr 16, 2025 / James K. Galbraith

Trump’s Economics—and America’s Economy Trump’s Economics—and America’s Economy
You can’t make America great again by wrecking the government.
Mar 19, 2025 / James K. Galbraith

The Political Economy of Trumpism The Political Economy of Trumpism
Though he started by threatening Mexico, Canada, and China, Trump’s tariffs mean the US will drain Europe as Ukraine fades.
Jan 15, 2025 / James K. Galbraith

Why Bidenomics Was Such a Bust Why Bidenomics Was Such a Bust
A large majority of voters gave the Biden administration a failing grade on the economy. For the sake of future policy battles, it is worthwhile to try to understand their reasons...
Dec 9, 2024 / James K. Galbraith

Bidenomics and Its Discontents Bidenomics and Its Discontents
The White House believes American workers have seldom had it so good. And lots of prestigious economists agree. But the voters aren’t buying. Maybe they know something?
Mar 27, 2024 / James K. Galbraith

In Defense of the 30-Year Mortgage In Defense of the 30-Year Mortgage
A recent New York Times column argued that the long term fixed-rate loan popular with US homebuyers is unfair to banks. In fact the arrangement—a fruit of the New Deal—is somethin...
Nov 23, 2023 / James K. Galbraith

Next Time, Dammit, Just Default Next Time, Dammit, Just Default
Democrats feared a monster called “default”—but it’s just another Washington scare story.
Jun 9, 2023 / James K. Galbraith for The Nation

The Debt Deal Is a Tragedy The Debt Deal Is a Tragedy
The debt-limit agreement entrenches long-term austerity. It was a huge GOP win.
May 30, 2023 / James K. Galbraith

More “Dangerous Nonsense” From “The New York Times” on the Debt Ceiling More “Dangerous Nonsense” From “The New York Times” on the Debt Ceiling
There are multiple legal pathways to resolve the current debt “crisis.” Having the president and House speaker agree on spending cuts to programs already approved by Congress is no...
May 18, 2023 / James K. Galbraith

The Debt Ceiling Drama Is All Stagecraft The Debt Ceiling Drama Is All Stagecraft
Remember: The US Treasury is obligated to make payments. The rest is optics.
May 11, 2023 / James K. Galbraith for The Nation