Lee Whitfield

Agree with you for once. "Only for serious crime" was also the pitch for a dozen surveillance powers that quietly got expanded to cover far more within a few years.

Price controls on drugs sound great until the pipeline of new treatments dries up because the margin that funded R&D is gone. This has played out before, it's not a hypothetical.

Border carbon taxes are industrial policy with better PR. Ask any economist what happens to compliance costs on imported goods — they get passed straight to consumers.

Every rate decision is just the Fed managing a business cycle they helped create by holding rates near zero for a decade. At some point people should question why seven unelected people get to set the price of money for the entire country.