Is There a Dignified Legal Way, Preferably in Latin, to Say "Holy Shit"?A court just threw out Trump's whole trade agenda
It will take me a while to digest this:
The thing is, it has been obvious all along that Trump’s use of the 1977 International Economic Emergency Powers Act to justify Smoot-Hawley level tariffs was a massive abuse of power. I mean, since when are 4 percent unemployment and 2.5 percent inflation an emergency justifying the reversal of 90 years of policy? But I guess I just assumed that things like that didn’t matter anymore. And I’ve just had a very long day, much of it spent drafting a detailed takedown of the vile crypto legislation now before Congress. I guess I’ll hold that for a bit. Some more coherent thoughts in the morning, after a gallon or so of coffee. You're currently a free subscriber to Paul Krugman. For the full experience, upgrade your subscription. © 2025 Paul Krugman |