Trump’s War on the Federal Reserve Could Be His Most Damaging Economic Policy

“There are many items on President Trump’s agenda that are hurting the U.S. economy: the pointless trade wars, the socialization of the private sector, the mass deportations, and much more. … But in the long run, the most damaging policy of all might be one that’s gotten scant attention, at least from non-finance-nerds: Trump’s quest to crush the Federal Reserve. If Trump succeeds, he may doom the United States to high inflation for years, if not decades, to come.”

Catherine Rampell

Donald Trump: World’s Biggest Security Threat

“To update Samuel Johnson, these days national security is the last refuge of a scoundrel. According to Donald Trump, anything he doesn’t like is a threat to national security. Question his clearly illegal tariffs? You’re a dark and sinister force trying to undermine America. When the New York Times reported on signs that age may be taking a toll on Trump’s stamina, he denounced the reporting as ‘seditious, maybe even treasonous.’ … But some of America’s allies — and many of us here at home — are becoming increasingly open about saying that the real danger is coming from inside the White House: Trump himself has become the biggest security threat facing the U.S. and, indeed, all the world’s democracies.”

Paul Krugman

It’s the Same Old Trump Show

“On paper, President Trump’s speech in Pennsylvania was supposed to be the opening night of a speaking tour on the economy, but spiritually, the rambling set felt more like the kickoff of a past-their-prime band’s farewell tour. … There was no set list, he played the hits when he could, and did crowd work with MAGA’s version of the Parrotheads, decked out in their finest Trump swag after following him around for years.”

National Journal

Trump Schools Parents on Saving Money this Christmas — Though They Don’t Need to, of Course

“You can give up certain products. You could give up pencils. Because under the China policy, every child can get 37 pencils. They only need one or two. They don’t need that many. You always need steel. You don’t need 37 dolls for your daughter. Two or three is nice. So we’re doing things right.”

— Donald Trump, at a rally in Pennsylvania last night.

Greene Goes Full Rogue on ’60 Minutes’

“I watched many of my colleagues go from making fun of him, making fun of how he talks — making fun of me constantly for supporting him — to when he won the primary in 2024 they all started — excuse my language, Lesley, kissing his ass and decided to put on a MAGA hat for the first time.”

— Rep. Marjorie Taylor Greene (R-GA), on 60 Minutes.