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Why You Keep Getting More Laws — And Why Cutting Back Keeps Failing | TNBC 10.010 

 America's federal rulebook was cut twice in seventy years. Real cuts — thousands of pages removed. Both times, the line came back. A look at the structure underneath: why adding a rule is cheap, removing one is war, and the total carries an accumulation bias no election has reversed. 

 The Most Ambitious Budget in EU History Forecasts No Return | TNBC 10.009

The EU proposed a €2 trillion budget and called it the most ambitious in its history. But listen to what "ambitious" is attached to — not a result, the spending itself. A look at the structure underneath the word: why a budget nobody can walk away from never has to name a return.

How Winning a Sanction Loses the Leverage | TNBC 10.008 

The US and its allies cut China off from the one machine that makes the most advanced chips. It worked — and that's exactly the problem. A look at the structure underneath sanctions: why blocking a rival can hand it the reason, and the mandate, to build the very thing it was denied. 

 You Now Pay for Work You No Longer Do — and You Never Agreed to It. | TNBC 10.007 

 A century ago, government spending was barely a tenth of what a country earned. Today in France it's more than half — and almost no one noticed it climb.   Here's what actually moved. Government spending as a share of GDP. 

 China Is Selling US Debt. The Surprise Is Who's Exposed. | TNBC 10.006 

 For more than a decade China has been cutting its pile of US Treasuries to the lowest level since 2008 — and quietly buying gold. Everyone reads this as America the debtor and China the creditor with the leverage. The structure underneath says the opposite. Here's who's actually exposed. 

 The Fed Chair Is the Most Powerful Man in the Economy. He Builds Nothing. | TNBC 10.005 

 Paul Volcker, Alan Greenspan, Ben Bernanke, Jerome Powell, Kevin Warsh — in one generation the chair of the Federal Reserve went from an official nobody could name to the most powerful man in the economy. Here's what that says about us, not him.