Notebook
Mini essays and margin notes on economics, markets, politics, power, books, documents, and the machinery beneath events.
The Fingerprints of Shortage
The reopening of the Strait of Hormuz does not mean the oil crisis simply disappears. It means the crisis changes shape.
The Way We Are Governed Enters the Day
Good and bad government do not remain abstract. They enter the day through prices, laws, wages, schools, hospitals, streets, bills, and the private life we think is separate.