Veronique de Rugy
@veroderugy
Senior Research Fellow at the Mercatus Center at George Mason University
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Republicans need to remember the No. 1 issue for voters is still inflation, and a majority of Americans — including 66% of independents — are blaming Trump for it.
Bannon with Mamdani transition team
BANNON: Glenn Youngkin, you just ended your political career last night. You destroyed the Republican Party in Virginia for a GENERATION. You pushed a Never-Trumper candidate and made it so she was the only option! Absolute disaster.
The new proposed tax on “Unproductive Wealth”, voted by the Assemblée Nationale, listing life insurance, crypto assets, gold, jewelry (Assurances-vie, Crypto-actifs, Or, Bijoux), seems unusually stupid. The funds collected by Assurances-Vie do not lay stagnant. They finance…
At the heart of economics is a scientific mystery--a mystery as deep, fundamental, and inspiring as that of the expanding universe or the forces that bind matter. How is order produced from freedom of choice? - Vernon Smith (paraphrased), 1982 AER
All the other legal issues aside, this case is also a test of whether the government can transparently lie to the Supreme Court and get away with it
There are at least five falsehoods in the first paragraph of the Trump administration’s brief to the Court. 🧵
A terrible outcome. One should not be able to wish death on your political opponents and still win a race. Partisanship is leading us to disaster.
Decision Desk HQ projects Jay Jones to win the Virginia Attorney General election. #DecisionMade: 8:26 pm ET Follow live results on our website.
Look at any government granted privilege and you will find the same trend.
Vitally important, commonly forgotten: CHIPS Act (enacted in August 2022) was a lagging, not leading, indicator of trends in domestic semiconductor investment. It was government jumping onto something the private sector was already doing.
Donald Trump is genuinely baffled as to why the Framers would structure the government as a constitutional republic with divided powers. Taxation without representation is much more useful to the executive! He has to be free to leverage the livelihoods of Americans on the fly!
Never want to promise people that something isn't a bubble, but this point from @binarybits is important — the AI investment boom is largely financed out of earnings, not debt. understandingai.org/p/tech-leaders…
"The central question is whether Congress delegated unlimited and unchecked authority over tariffs simply by the president’s declaring a national emergency" (which doesn't need to be an actual emergency, and that nobody can question)
Some thoughts on the tariff case before the Supreme Court, with my @PIIE colleague Alan Wolff wsj.com/opinion/trumps…
Karl Marx also "explained" why capitalism won't work decades ago. Arrow too can be wrong. Read the argument, and the rebuttals, not the name. In reality, insurers can guess your health costs better than you. Arrow assumes the opposite. Markets break down because governments…
Kenneth Arrow explained why the free market doesn’t work in health insurance decades ago.
Main Street: Expensive legal fight to try to stop the tariffs Wall Street: Cozy up to the President and get exemptions
Tariffs aren’t a conservative idea — they’re an old protectionist Democrat policy the president has adopted. To say America becomes a “third world country” without them ignores 249 years of history. IEPA was never meant to let presidents slap tariffs on anyone they want. That…
"In the tariffs cases, it also was striking how many of the amicus briefs against the Trump administration were filed by conservative groups. I cannot think of another case involving challenges to Trump’s actions where so many notable conservative groups filed briefs against his…
![scottlincicome's tweet card. Courtly Observations is a recurring series by Erwin Chemerinsky that focuses on what the Supreme Court’s decisions will mean for the law, for lawyers and lower courts, and for people’s lives. […]](https://pbs.twimg.com/card_img/1983955653010857984/Z6hqrKqy?format=jpg&name=orig)
A cautionary tale in one chart. via @_JackSalmon_ theunseenandtheunsaid.com/p/why-a-value-…
Looks like a great report on poverty reduction by @kearney_melissa and James Sullivan 👇
Why a Value-Added Tax Is the Wrong Fit for the United States theunseenandtheunsaid.com/p/why-a-value-…
The tariff case later this week is one of the most important decisions in a half century or more. It is not an exaggeration to state that what remains of the constitution as a limiting document on government power hangs by a thread.
Presidential power and the Supreme Court’s own stature ride on this case washingtonpost.com/opinions/2025/…
Now more than ever
“‘Emergencies’ have always been the pretext on which the safeguards of individual liberty have been eroded.” — Friedrich Hayek
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