In The Long Run

Zachary D. Carter
A newsletter about everything that really matters: Money, politics, power and dogs.
Created 12 May 2021
  • The New Nobel Prize, Milton Friedman and the Trouble with Economics
    12 Oct 2021 • 6 min read • 6 0
    That’s gold, Jerry. One of my favorite Milton Friedman lines is about free trade, from a 1980 book called Free to Choose that he wrote with his wife Rose: "Ever since Adam Smith there has been virtual...
  • No, Joe Biden Did Not Just Nominate a 'Passionate Communist' to the OCC
    09 Oct 2021 • 5 min read • 3 0
    Joseph McCarthy, pictured lying. The term McCarthyism has always been unfortunate. The paranoid movement that now bears Joseph McCarthy's name began well before the Wisconsin Republican began raving f...
  • A Progressive Fed
    05 Oct 2021 • 6 min read • 5 1
    “We were afraid you’d invited Alan!” If not for the relentless Capitol Hill drama surrounding President Joe Biden's economic agenda, the biggest story in American politics right now would be about the...
  • Left, Right and Keynes
    23 Sep 2021 • 3 min read • 14 0
    Fashion. Flowers. Keynes. My latest piece for The New York Times is up. It’s a look at the intraparty chaos over President Joe Biden’s economic agenda, and I encourage you to read it. The historical m...
  • Facebook Makes Cable News Worse
    16 Jul 2021 • 3 min read • 8 0
    Everyone who follows media and tech policy knows that Facebook has helped spread around a lot of really poisonous stuff. From the rise of domestic conspiracy theories to outright genocide in Myanmar, ...
  • Biden Should Stick With Jerome Powell
    15 Jul 2021 • 2 min read • 7 1
    For the most part, I've been pleasantly surprised by the Biden administration's policy priorities this year, but David Dayen is right: the president is out of excuses on his staffing problem. There ar...
  • Don't Let Inflation Break Your Brain
    14 Jul 2021 • 2 min read • 1 0
    A lot of economists and finance people went wild over Tuesday's inflation report, which showed consumer prices running well ahead of what most forecasters had been anticipating. Some of the numbers ar...
  • Capitalism and Competition
    13 Jul 2021 • 3 min read • 6 0
    President Joe Biden's new executive order on competition is great. Its 72 separate provisions -- from reinstating net neutrality rules to allowing prescription drug imports from Canada -- are all impr...
  • Lessons From The Clinton Years
    08 Jul 2021 • 6 min read • 7 0
    I joined Brad DeLong and Noah Smith for their extremely dorky economics and sci-fi podcast. You can listen to the whole thing here, but I want to elaborate on Brad's discussion of the Clinton years, b...
  • How To Fight Inflation
    02 Jul 2021 • 4 min read • 8 0
    The internet is dunking on this tweet from the White House because it is, let there be no doubt, relentlessly corny. The White House @WhiteHouse Planning a cookout this year? Ketchup on the news. Acco...
  • View More on Substack »