Charles Gasparino If this is true, isn't the big story that The White House gives Wall Street executives early heads up on trade negotiations, rather than the existence of the deals themselves?

Amidst debates about the “abundance agenda” and affordable housing policy, the Vanderbilt Policy Accelerator is releasing two new papers charting an agenda for a post-neoliberal housing policy. 1/5

Teddy Roosevelt's new nationalism speech, 1910

Excited to share that my new paper, The Federal Reserve’s Forgotten Credit Mandate, was just published in Harvard Law Review! 🚨It argues that we are misinterpreting the Fed’s statutory mandate. 1/22 papers.ssrn.com/sol3/papers.cf…

This is partly why we wrote the 2020 STABLE Act the way we did, notably though this requires relitigating e-money/money transmitters and MMMFs to defend a functional perimeter around bank deposits, a la Morgan Ricks's arguments in The Money Problem (& Lev Menand John Crawford)

An absolute must read.

Excellent thread/paper here from Ben -->

On a panel with Larry Summers today, he argued that the "calamitous " election of Zohran Mamdani is (at least in part) a byproduct of abandoning the consumer welfare standard in antitrust.

Erik Hovenkamp A more sophisticated defense of Robinson-Patman Act enforcement would be that it can promote competition at the retailer level, which may produce net benefits to consumers when dynamic effects are taken into account.

This is a great antitrust paper and a useful corrective to the kind of static, greedy-reductionist analysis that is so prevalent in economic policy discourse. Short summary: prohibiting price discrimination at the wholesale-retail interface may very well benefit consumers.

A WORRISOME *FUTURISTIC* JOBS REPORT: In the newsletter, I wrote about today's labor market data, and how it was not only bad, but bad in a specific way that could portend a more ominous direction of the economy