The Sheer Human Brutality of 'Big, Beautiful' Bill

Last week, Robert Rubin and I warned of the many macroeconomic risks created by the domestic policy bill President Trump signed into law on Friday. I stand by our judgment that it will most likely slow growth, risk a financial crisis, exacerbate trade deficits and undermine national security by exhausting the government’s borrowing capacity. This is more than ample reason to regret its passage. Read Full Article »