Prospect

When banks are too big to fail, their capacity for stupid behavior is greatly increased.

Michigan is one step closer to repealing right to work; why the end of two-tier wages at Caterpillar shows corporate America’s immense power over workers.

The Fed chair resisted mentioning supervision, regulation, or accountability after the collapse of Silicon Valley Bank. His resistance delayed the announcement.

Today on TAP: Facing legislative defeat, France’s president raises the nation’s retirement age all by his lonesome.

Ramenda Cyrus and Robert Kuttner discuss how to maintain hope and effort during dark times.

According to a whistleblower complaint, Canadian Pacific and Kansas City Southern held talks and shared sensitive information prior to their merger approval. That would be illegal.

Rep. Ro Khanna, who stumped aggressively for a depositor bailout at Silicon Valley Bank, now will solicit funds with David Sacks, one of the loudest supporters of that policy.

More taxpayer education could get some people out of this IRS vortex, but the real issue is assumptions guiding the agency’s apparent fixation on certain Black filers.

Today on TAP: Nobody understands or explains the corruption of the financial system better than the Massachusetts senator.

Professor Jon Shelton explains why education doesn't fix inequality.

Bad financial supervision, a panicky response, and now the Fed has created a trigger policy for more inflation.

Financial expert Daniel Davies explains why Silicon Valley Bank imploded.

Every individual and business should get the same Federal Reserve account benefits that banks enjoy.

Today on TAP: Silicon Valley libertarianism, every congressional Republican, 50 congressional Democrats—and why are some still sitting on the banking committees?

The Silicon Valley Bank collapse exposes a reality that rich people would prefer to ignore.

A shaky banking system, for one. A failure to comprehend how the climate crisis raises prices, for another. Will the Fed continue to compound the damage?

Diesel engines have gotten a sweetheart deal from environmental regulators. It’s time that changed.

Today on TAP: What if the assets backing cryptocurrencies are as volatile as crypto itself?

The debate over protecting all deposits in a blink looks past the incompetence that got us here.

A series of communications last week show the fault lines, and pitfalls, in dealing with an increasingly illiberal Israeli government.