Elon Musk's repost of an All-In podcast talking up a Tesla-SpaceX merger within 6-12 months has been treated by much of the mainstream financial commentariat as just another bout of celebrity volatility. TSLA pops, shorts reload, the "it's just a car company" refrain makes another lap around cable. The coverage tells you less about Musk than it does about how little the market has internalised what he is actually building.
The background check system for gun purchases is a mess. Republicans have criticized Democratic presidents for failing to prosecute people denied gun purchases through background checks. Democrats have leveled the same criticism at Republican presidents. But both sides miss the real problem. The system generates mistaken denials - "false positives" - by confusing felons with non-felons, so the denials aren't real cases. And those errors disproportionately affect black and Hispanic males.
As a progressive economist, I wrote a paper in 2021 with a generally conservative colleague, Kevin Hassett, who now directs the National Economic Council in the Trump White House.
Tennessee GOP Rep. Tim Burchett said during an interview this week with Joe Rogan that he stands by his previous comments about "honeypots" being used to blackmail members of Congress.
When was the last time you thought about Joe Biden? If the answer is "recently," that's probably a sign that you should consider taking up a hobby or joining a club-anything, really, that doesn't involve politics.