Why Everything Is More Expensive | David Dayen | TMR

Private electricity companies are supposed to have their prices managed by governments because they form natural monopolies, but they make tons of money because they capture the government and screw over the electricity user.

https://www.youtube.com/watch?v=GfRKOlqRG8s

The Messy Reality of ‘Made in America’

Taiwanese chip manufacturer TSMC is building a subsidized plant in Arizona, but is having trouble dealing with: thousands of pages of regulation, unions who want Americans to get the jobs, cultural clashes, and homeowners who don’t want plants nearby.

This event shows that the US can be a tough place to do business. We should consider reform.

https://www.youtube.com/watch?v=m3rcPok9fb4

The Biggest Disruption Is Yet to Come — ft. Justin Wolfers

Donald Trump is destroying the foundations of American greatness. Tearing down our institutions and our relations with other countries cause long term damage, weakening US economic and soft power for years to come.

https://www.youtube.com/watch?v=xA9nRaI71dw

Thanks to Antitrust Officials, iRobot Will Be Acquired by a Chinese Robotics Firm Instead of Amazon

“iRobot, the creator of Roomba, filed for bankruptcy on Sunday. If Amazon had been allowed to acquire the company in 2022, consumers likely would have enjoyed improved quality and lower prices. Now, thanks to antitrust regulators, iRobot will be acquired by a massive Chinese robot vacuum manufacturer, Shenzhen Picea Robotics, instead of American-owned Amazon.”

https://reason.com/2025/12/17/thanks-to-antitrust-officials-irobot-will-be-acquired-by-a-chinese-robotics-firm-instead-of-amazon/

Trump Blames Illegal Immigrants for High Housing Prices. Blame Zoning Instead.

“Low-skilled immigrants would expand the supply of housing more than they increase demand, if local governments would just allow new construction.”

https://reason.com/2025/12/18/trump-blames-illegal-immigrants-for-high-housing-prices-blame-zoning-instead/

Trump Said His Tariffs Would Reduce the Trade Deficit and Bring Back Manufacturing. Here’s What the Data Show.

“From January through September, the most recent month for which U.S. Census Bureau trade data are available, the U.S. imported $1 trillion more in goods than it exported. This is a $118 billion jump compared to the goods trade deficit that the U.S. ran from January to September 2024. (Likewise, the overall trade deficit, which includes services, increased by $113 billion.)

Recently published data from China’s General Administration of Customs show the Chinese goods trade surplus has increased since Trump took office. From January to September, China exported $875 billion more goods than it imported—a $185 billion jump vs. the same time period in 2024.

Fortunately for consumers, these macroeconomic statistics are meaningless. You run a trade deficit with your grocery store, I run a trade deficit with McDonald’s, good little boys and girls run a trade deficit with Santa Claus, and we’re all better off for it. As as the economists Daniel Klein and Donald Boudreaux have put it, a trade deficit is equivalent to running a surplus on current stuff.

Likewise, as countries get richer, their labor markets transition from agriculture to industry and then to the service sector. Declining manufacturing employment as a share of overall employment is a sign that Americans are richer, not poorer, than our ancestors.

Trump’s targeted metrics are meaningless as proxies of prosperity. But the fact that his protectionist policies are failing to achieve their stated goals shows just how flawed they—and their justifications—always were.”

https://reason.com/2025/12/17/trump-said-his-tariffs-would-reduce-the-trade-deficit-and-bring-back-manufacturing-heres-what-the-data-show/?itm_source=parsely-api

Thousands of carve-outs and caveats are weakening Trump’s emergency tariffs

“Some $1.6 trillion in annual imports are subject to the tariffs, while at least $1.7 trillion are excluded, either because they are duty-free or subject to another tariff, according to a POLITICO analysis based on last year’s import data.

In an interview with POLITICO on Monday, Trump said he was open to adding even more exemptions to tariffs. He downplayed the existing carve-outs as “very small” and “not a big deal,” and said he plans to pair them with tariff increases elsewhere.

In addition to the exemptions from Trump’s reciprocal tariffs, more than $300 billion of imports are also exempted as part of trade deals the administration has negotiated in recent months, including with the European Union, the United Kingdom, Japan and more recently, Malaysia, Cambodia and Brazil. The deal with Brazil removed a range of products from a cumulative tariff of 50 percent, making two-thirds of imports from the country free from emergency tariffs.”

An unstrategic mishmash of tariffs is not good for the economy.

https://www.politico.com/news/2025/12/14/trump-tariff-exemptions-us-imports-data-00685168

The Wolf-Krugman Exchange: Power, plutocracy and political economy

A study found that due to Brexit, UK GDP per capita is 6-8% lower than it would be if the UK never left the EU.

https://www.youtube.com/watch?v=YSQ7LY0ca0o

Jobless rate rises, adding to Trump’s economic messaging woes

“The unemployment rate rose to 4.6 percent in November, its highest level in more than four years, the Labor Department said Tuesday. The economy gained 64,000 jobs that month after losing 105,000 in October, mostly the result of federal government workers taking buyouts.”

https://www.politico.com/news/2025/12/16/jobs-report-trump-employment-economy-00692500