bookmark_borderFormer Fed Chairs Unite Against Trump in Defense of Central Bank Independence

by Daniel Brouse
September 25, 2025

On September 25, 2025, a landmark amicus brief was submitted to the U.S. Supreme Court by every living former Chair of the Federal Reserve. The bipartisan group urged the Court to block former President Donald Trump from firing Federal Reserve Governor Lisa Cook while her legal challenge to her removal remains pending.

Defense of Federal Reserve Independence

The brief emphasized that the Federal Reserve’s independence is a cornerstone of the U.S. monetary system. The signatories warned that permitting the executive branch to remove Fed officials without due process would dangerously politicize the central bank, undermine its credibility, and erode public trust in monetary policy.

Protection of Institutional Safeguards

The filing stressed that allowing Trump to proceed with Cook’s removal before her case is resolved would dismantle nearly a century of safeguards Congress established to protect the Fed from political interference. Those protections were deliberately designed to insulate monetary policy from short-term political pressures, ensuring decisions are guided by economic data rather than campaign calculations.

Evidence for Central Bank Independence

The brief cited extensive research showing that independent central banks consistently deliver lower inflation, lower long-term interest rates, and greater financial stability than those subject to direct political control. By contrast, history demonstrates that when political leaders hijack monetary policy, inflation spikes, economic distortions multiply, and the costs of recovery rise steeply.

The Signatories

The brief was signed by an extraordinary coalition of bipartisan economic leaders. Among them were former Fed Chairs Alan Greenspan, Ben Bernanke, and Janet Yellen; former Treasury Secretaries from both Republican and Democratic administrations; former chairs of the White House Council of Economic Advisers; and former Fed Governor Dan Tarullo. The breadth of signatories underscored the depth of consensus in the economic community that the Fed’s independence must be preserved at all costs.

Background on Trump v. Cook

The case stems from Trump’s September 2025 attempt to fire Governor Cook, citing unproven allegations of mortgage fraud predating her service on the Federal Reserve Board. A federal court quickly blocked the firing, ruling that the president had failed to establish sufficient “cause” for removal. The court also noted that the allegations concerned conduct prior to her appointment, making them legally irrelevant to her role at the Fed.

Now before the Supreme Court, the Trump administration is asking for permission to remove Cook while litigation continues. If granted, the decision would set a precedent enabling presidents to summarily remove Fed governors, a move that could radically shift the balance of power between the White House and the nation’s central bank.

Trump’s Response

In characteristic fashion, Trump reacted to the legal setback with a barrage of angry and incoherent remarks, railing against the Fed and its leadership. His statements once again highlighted his deep ignorance of — and hostility toward — basic principles of fiscal and monetary policy. Economists warn that his continued attempts to bend monetary institutions to his will pose an existential threat to both U.S. economic stability and the credibility of global financial markets.

Trumpenomics: The Decline of America

bookmark_borderTrump’s Manufactured Shutdown: White Nationalism Over Economics

by Daniel Brouse
September 25, 2025

The U.S. government is once again barreling toward a shutdown, and the chaos is entirely of Donald Trump’s making. Despite branding himself a “businessman president,” Trump continues to push policies that baffle economists and devastate the very citizens he claims to represent.

The MAGA movement has ballooned the deficit through reckless spending while simultaneously cutting healthcare assistance for millions of Americans in need of insurance. Now, Trump is refusing to meet with Democratic leaders to even attempt a compromise. The result: a government paralyzed not by fiscal necessity, but by ideology.

I have been warning since Trump first took office that trying to reconstruct the global economy through the lens of white nationalism would end in disaster. Without the intellect of a second grader, Trump has undermined decades of U.S. economic stability in pursuit of grievance politics.

The government is already reeling from the DOGE fiasco, yet Trump’s proposed response is even more dangerous: firing thousands of government employees if a shutdown occurs, under the absurd pretense of “teaching Democrats a lesson.” These tactics are not only cruel—they could be the final nail in the coffin of what is already a failed Trump economy.

Protectionism and white nationalism are not economic strategies. Trade wars with nearly every major economy have shredded American credibility and competitiveness. Trump has violated the Constitution by pushing through the largest regressive tax increase in U.S. history, enriching the wealthy while burdening working families. Meanwhile, his racist, anti-immigration policies are crippling the backbone of American capitalism: population growth. Immigration has accounted for approximately 80% of GDP growth over the last five years—yet Trump insists on cutting off this lifeline.

A shutdown is now looking increasingly inevitable, not because of necessity, but because Trump believes he can spin an economic collapse into a political weapon against the so-called “radical left.” The irony, of course, is that it is the right—through Trump’s recklessness—that is dismantling the very fiscal conservatism it once claimed to uphold. As a fiscally conservative Republican economist, I cannot overstate the damage: Trump is destroying America from within.

Trumpenomics: The Decline of America

bookmark_borderThe Battle for Free Speech: Jimmy Kimmel vs. MAGA Media Monopoly

by Daniel Brouse
September 24, 2025

PSA: “Killing humor isn’t funny. Kill humor, kill freedom. Not so funny now, is it?”

Nexstar Joins Sinclair in Silencing Jimmy Kimmel’s ABC Return

Disney and ABC have put Jimmy Kimmel back on the air! His first night back drew record viewership, even as dozens of affiliate stations continued enforcing prior censorship. The coordinated actions of Sinclair and Nexstar appear politically motivated—driven by pressure from Trump-aligned officials, including the FCC, and by Nexstar’s commercial interest in securing approval for its proposed $6.2 billion acquisition of TEGNA, announced in August 2025 and still awaiting FCC sign-off. FCC Chairman Brendan Carr even went so far as to threaten ABC’s license, saying, “We can do this the easy way or the hard way.” Equally significant is Sinclair’s overt alignment with far-right MAGA politics. Together, these factors created powerful incentives for strategic censorship—and that is exactly what we witnessed.

ABC/Disney, however, do not appear to be part of the same collusion. ABC initially pulled the show under intense affiliate and regulatory pressure, then reversed course to bring Kimmel back—suggesting a response to coercion, not conspiracy. Whether ABC should have held firm from the start is debatable, but their actions triggered public pushback and mobilized resistance. That pushback—including advertiser pressure and widespread outrage—likely did far more to protect free speech than quiet capitulation or permanently pulling Kimmel ever would have. ABC proved that active resistance works.

This situation mirrors CBS’s experience but now involves ABC affiliates. Sinclair is a massive MAGA operation, and Ellison is equally extreme. ABC affiliates owned by Nexstar are tied to the pending TEGNA acquisition. For context, Paramount Global—the parent of CBS and its owned-and-operated stations—was recently acquired by Skydance Media in a deal approved by the FCC in July 2025. The new owners, Oracle’s far-right MAGA billionaires the Ellisons, are also working to fold TikTok into the broader MAGA media propaganda machine. Trump’s pattern is unmistakable: silence Stephen Colbert on CBS and Jimmy Kimmel on ABC. In an obvious quid pro quo, CBS and ABC were forced to capitulate—or risk the FCC denying mergers and acquisitions, or even revoking broadcast licenses—an unmistakable case of mob-style extortion at the highest levels of government. Not to be overlooked, Trump has already extorted millions from both ABC and CBS through personal lawsuits.

The Choice to Raise Your Voice

Make the choice to raise your voice! Just say NO! to censorship. This is about silencing opposition. This is about killing comedy before it can mock power — and make no mistake, satire has always been the sharpest blade in democracy’s arsenal — democracy’s secret weapon.

That’s why tyrants fear it, that’s why dictators ban it, and that’s why Trump is trying to kill it. Humor exposes lies. Humor punctures egos. Humor topples emperors who think they wear clothes.

Long live comedy. Long live satire. It’s time for all of us to pick up the torch and rise. Sharpen your wit, wield your words, and refuse to be silenced.

Here’s How You Can Fight Back

Nexstar has now joined Sinclair in refusing to air Jimmy Kimmel’s return on ABC.

🔗 Sinclair station list
🔗 Nexstar station list

✅ What you can do:

→ Tune in tonight — check if your local newscast is on when Kimmel should be airing.

→ Take notes — if your local news is airing instead of Jimmy, jot down the companies advertising during the broadcast.

→ Take action — call those companies and tell them you’ll boycott until they stop funding Sinclair and Nexstar’s censorship.

Trumpenomics: The Decline of America

bookmark_borderMortgage Fraud Allegations Against Treasury Secretary Deepen Concerns Over Trump’s Economic Credibility

U.S. Treasury Secretary Scott Bessent previously signed agreements to claim two different properties as his “principal residence” at the same time, according to Bloomberg News. Such an arrangement is strikingly similar to what President Donald Trump himself has labeled “mortgage fraud” — a charge he has recently weaponized in his unprecedented attempt to oust Federal Reserve Governor Lisa Cook.

The revelation has amplified concerns about the credibility and reliability of the Trump administration’s economic leadership. At the very moment when Trump is undermining the independence of the Federal Reserve, his own Treasury Secretary is accused of conduct that mirrors the very behavior Trump claims to oppose.

The contradiction could not be sharper: while Trump is pressuring the Fed for political gain, his top economic official faces accusations that raise serious questions about both judgment and integrity. Markets depend on trust in the U.S. financial system and the independence of its key institutions. When both are compromised simultaneously, confidence can unravel quickly.

These allegations go beyond personal misconduct. They call into question the broader economic agenda of the Trump administration — from reciprocal tariffs and nationalized industries to pressure campaigns against the Fed. If the administration’s credibility erodes further, the U.S. risks higher borrowing costs, weakening investor confidence, and diminished standing as a reliable economic partner on the global stage.

In short, the combination of political interference at the Fed and allegations of mortgage fraud at Treasury threatens to shake the very foundation of U.S. economic governance. For markets already jittery about slowing growth, sticky inflation, and rising debt, this latest scandal is another reminder of just how precarious America’s economic credibility has become under Trump.

Trumpenomics: The Decline of the US

bookmark_borderAmerica First, America Hurt: How Trump’s Trade War and Immigration Crackdowns Are Backfiring

The Trump tariff-driven global trade war and anti-immigration agenda are already proving to be an economic disaster for the United States. What was promised as a strategy to “rebuild American strength” is instead triggering a slowdown marked by weakening growth, collapsing job markets, rising inflation, declining wage gains, and a dollar under pressure. To make matters worse, the Federal Reserve’s independence is increasingly under political threat — a dangerous precedent for global markets that depend on U.S. monetary stability.

Ironically, the loudest supporters of Trump’s “America First” policies — farmers and rural voters — are among the hardest hit. U.S. agriculture, once a dependable pillar of American exports, is facing its harshest season in decades. Agriculture Secretary Brooke Rollins confirmed this week that the USDA is working with Congress to consider emergency aid for farmers this autumn, citing both the fallout from ongoing trade disputes and record-high yields that now have nowhere to go.

Soybeans, in particular, illustrate the crisis. In 2024, the U.S. shipped an estimated $12.8 billion worth of soybeans to China, accounting for roughly 25% of all U.S. exports, according to the USDA’s Foreign Agricultural Service. But for the 2025–2026 crop year, China has placed zero new soybean orders. That loss is catastrophic not just for Midwestern farmers, but for the entire trade balance, rural economies, and the global credibility of U.S. agricultural markets.

Adding to the irony is the sheer hypocrisy of Trump’s trade policy. His administration has justified sweeping tariffs as retaliation against “unfair trade practices,” particularly government subsidies supporting farmers in Japan, China, India, Canada, and across the EU. Yet, at the very same time, Trump has expanded U.S. subsidies to American farmers as emergency aid and even directed taxpayer-backed stakes in major corporations such as U.S. Steel and Intel — a patchwork of protectionism critics have dubbed “Trump-socialism.” What he condemns abroad, he quietly embraces at home, undermining his own argument while fueling the very distortions in global markets he claims to oppose.

The ripple effects extend beyond farms. Supply chains tied to agricultural equipment, transportation, and processing are already scaling back. Rural banks are bracing for a wave of loan defaults. Meanwhile, anti-immigration crackdowns are worsening labor shortages in both farming and food production, pushing costs up while productivity drops.

In short, Trump’s trade and immigration policies are backfiring — leaving the very communities that rallied hardest for “America First” paying the steepest price. The irony is brutal: instead of strengthening the U.S., these policies are isolating it, damaging trust with trading partners, and undermining the very foundation of American economic stability.

Trumpenomics: The Decline of America

bookmark_borderEconomic Outlook: Weak Jobs, Declining Incomes, and a Shrinking Population

by Daniel Brouse
September 11, 2025

PART I: Inflation Persists While Job Market Shows Signs of Weakness

The Bureau of Labor Statistics (BLS) released the August 2025 Consumer Price Index (CPI) report today, September 11, 2025, at 8:30 a.m. ET. Headline CPI rose 0.2% for the month and 2.7% year-over-year, while core CPI—excluding food and energy—also increased 0.2% monthly and 3.1% annually, matching analysts’ expectations.

On the surface, the numbers look steady, but the context tells a more troubling story. Core inflation remains well above the Federal Reserve’s 2% target, and new revisions to recent labor data show that the U.S. job market is significantly weaker than previously thought. Payroll gains reported earlier this year have been revised downward, and the most recent hiring data show that job growth is slowing more sharply than anticipated.

This shift matters for two reasons. First, it suggests that the U.S. economy is losing momentum more quickly than headline figures had implied. Second, it leaves the Fed in a tightening bind: with inflation running hot, policymakers cannot easily pivot to rate cuts, yet with jobs softening, higher interest rates risk tipping the economy into recession.

Yesterday’s Producer Price Index (PPI) release underscored the economic strain. Businesses are facing higher costs from tariffs and slowing consumer demand, forcing margins down more than 12% on an annualized basis. Today’s CPI data confirm that inflation remains sticky, suggesting households will continue to feel pressure even as the job market deteriorates.

Taken together, these reports signal that the U.S. may be entering a period of slowing growth, weakening employment, and persistent inflationary pressure—a dangerous combination that risks sliding into stagflation.

The coming months will test whether the Fed can balance its dual mandate of stable prices and maximum employment. But with inflation still above target and the labor market finally showing cracks, the path forward looks increasingly precarious.

PART II: America’s Looming Economic Storm

Today’s soft jobs report revealed the sharpest labor market slowdown in four years, with employment growth decelerating rapidly. Compounding the bleak outlook was a steep drop in income growth—one of the sharpest declines in recent memory. With wages falling behind while prices continue to rise, American consumers are being squeezed harder than ever, making it increasingly difficult to sustain spending and household stability.

Despite these flashing warning signs, the stock market appears largely unfazed. Investors are clinging to hopes that the Federal Reserve will deliver interest rate cuts, prioritizing short-term relief from lower borrowing costs over the troubling reality of rising core inflation. This disconnect between market optimism and economic fundamentals is risky at best—and delusional at worst.

Beyond the immediate pressures of inflation and stagnating wages, the U.S. faces a much deeper structural threat: demographics. Preliminary data and forecasts now suggest that the U.S. population could begin to decline as early as 2031—years sooner than many experts anticipated. If realized, this would mark the first population decline in American history.

The underlying drivers are well-documented. Birth rates have been trending downward for decades, but recent anti-immigration policies have sharply curtailed net migration—the other key driver of population growth. With population growth already flat in recent years, these converging forces are pushing the U.S. toward demographic contraction.

The economic consequences would be profound. A shrinking labor force will constrain growth, reduce productivity, and strain public finances. Social Security and Medicare are particularly vulnerable, as both depend on a continually expanding base of younger workers to support an aging population. A declining population would accelerate their insolvency, forcing either painful benefit cuts, massive tax increases, or outright failure of the programs that millions of Americans depend on.

Taken together, the combination of a slowing labor market, falling incomes, rising inflation, and looming demographic decline points to a far more fragile U.S. economy than current market sentiment suggests. Without corrective policy action, America could soon be facing not just cyclical economic pain, but a generational crisis that undermines the very foundation of its prosperity.

Business & the Economy | Trumpenomics | Business Achieves

bookmark_borderCATL’s New EV Battery Highlights U.S. Lag in the Global Electric Vehicle Race

by Daniel Brouse
September 9, 2025

Contemporary Amperex Technology Co. (CATL) is a leading Chinese manufacturer of lithium-ion batteries for electric vehicles (EVs) and energy storage systems. Headquartered in Ningde, China, the company has become a dominant player in the global battery market, underscoring the challenges facing the U.S. in the EV and battery industries. CATL exemplifies how U.S. trade and industrial policies have allowed foreign competitors to pull far ahead, leaving American manufacturers struggling to keep pace.

CATL unveiled a groundbreaking new EV battery for the European market, the “Shenxing Pro.” The battery is based on lithium iron phosphate (LFP) chemistry and comes in two specialized versions designed to meet Europe’s diverse EV demands.

The first version, a long-life model, is engineered to last up to 12 years or 1 million kilometers. It offers an impressive maximum driving range of 758 kilometers—far exceeding the typical 300-to-500 kilometers delivered by conventional LFP batteries. The second version focuses on rapid charging, enabling drivers to add 478 kilometers of range in just 10 minutes of charging, a feature that could dramatically reduce downtime for EV users.

CATL’s innovations highlight not only the rapid technological advances in the global battery industry but also the competitive gap that U.S. manufacturers face. While Chinese companies like CATL push the boundaries of battery range, longevity, and charging speed, U.S. policy and production constraints have limited domestic capacity, leaving American EV makers increasingly dependent on foreign supply chains for critical battery technology.

As Europe becomes a key battleground for EV adoption, CATL’s new battery underscores the strategic importance of investing in domestic battery production and technology development to ensure the U.S. remains competitive in the rapidly evolving global EV market.

Business & the Economy | Trumpenomics | Business Achieves

bookmark_borderU.S. Threatens Tariffs and Sanctions to Undermine U.N. Marine Fuel Emissions Deal

The United States has reportedly warned countries to reject a United Nations–brokered agreement aimed at reducing marine fuel emissions—or face punitive tariffs, visa restrictions, and additional port levies, according to U.S. and European officials familiar with the matter.

The U.N. initiative, designed to curb the shipping industry’s significant contribution to global greenhouse gas emissions, has broad international support. Shipping accounts for nearly 3% of total global emissions, and the deal represents one of the most ambitious multilateral efforts to regulate marine fuels in history.

Instead of cooperating, the Trump administration has chosen confrontation. By pressuring countries with the threat of economic and diplomatic retaliation, the White House is engaging in strong-arm tactics that not only undermine global climate action but also erode U.S. credibility on the world stage.

“This is exactly the type of bully-and-extort approach that permanently damages U.S. exceptionalism, trust, and reliability,” said one European trade official. The move has been described by analysts as a short-sighted attempt to shield U.S. shipping and oil interests from environmental standards—at the cost of international partnerships and long-term global stability.

Critics warn that the Trump administration’s actions jeopardize not just climate progress, but also America’s role as a trusted global leader. By rejecting cooperative frameworks in favor of coercion, the U.S. risks further isolating itself while ceding moral, economic, and environmental leadership to other nations.

Trumpenomics: The Decline of the US

bookmark_borderFederal Appeals Court Strikes Down Key Trump Tariffs, Deepening Trade Uncertainty

by Daniel Brouse

On August 29, 2025, heading into the Labor Day holiday weekend, the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. delivered a major ruling: most of President Donald Trump’s “reciprocal” tariffs, along with a separate set imposed earlier this year, are illegal. The decision represents both a constitutional challenge to executive authority and a new source of turmoil for an already fragile global economy.

Scope of the Ruling

The court’s decision addressed two major elements of Trump’s trade war:

  • “Reciprocal” tariffs, unveiled in April 2025, which Trump claimed were necessary to “balance” trade by matching foreign tariff rates.
  • A separate set of tariffs imposed in February 2025 against China, Canada, and Mexico, which had immediately escalated tensions with America’s largest trading partners.

The ruling does not impact tariffs issued under other legal authority. For example, Trump’s tariffs on steel and aluminum imports remain intact. This distinction highlights a broader complexity: with a wide variety of tariffs in play, the ruling may not provide relief to many businesses or consumers in the short term. Instead, it complicates the already daunting task of determining which tariff rates apply in specific cases, leaving companies mired in uncertainty.

Constitutional Clash

At its core, the ruling strikes at the legality of Trump’s unilateral approach to trade policy. The court found that the president exceeded his executive authority by imposing tariffs without proper congressional authorization. This confirms long-standing warnings from constitutional scholars that Trump’s trade war strategy was on shaky legal ground.

Economic Fallout

Even though the ruling is limited in scope, the implications are sweeping:

  • Businesses now face greater uncertainty as tariff structures become harder to predict or plan around.
  • Consumers are unlikely to see quick relief, since other tariffs remain in place and global supply chains are still disrupted.
  • Markets may react with volatility, as investors recalibrate expectations for trade flows, corporate profits, and Federal Reserve independence.

Global and Political Consequences

For U.S. trading partners—particularly China, Canada, and Mexico—the ruling offers partial vindication but not full clarity. Global markets will be watching whether Trump doubles down with new measures or is forced to negotiate under congressional oversight. Domestically, the decision reignites debate over the balance of power between Congress and the presidency, especially in matters that directly affect the U.S. and global economies.

A Warning for the Future

The ruling is not the end of tariffs under Trump, but it underscores a deeper truth: trade wars are costly, legally fragile, and economically destabilizing. For businesses and workers, this decision changes little in the immediate term but raises profound questions about the sustainability of America’s current economic path.

Insanity Unleashed

President Trump wasted no time firing back after the ruling, issuing a late-night statement laced with all-caps fury. In part, he declared: “ALL TARIFFS ARE STILL IN EFFECT! Today a Highly Partisan Appeals Court incorrectly said that our Tariffs should be removed, but they know the United States of America will win in the end. If these Tariffs ever went away, it would be a total disaster for the Country.”

He went even further, warning that: “If allowed to stand, this Decision would literally destroy the United States of America.”

For now, the appeals court has allowed the contested tariffs to remain in effect until October 17, giving the Supreme Court time to decide whether to intervene. The unusual delay has left markets and trading partners in limbo.

The Attorney General of Oregon—one of the states that brought the lawsuit—was blunt in his reaction, calling the tariffs “bonkers” and arguing they have done measurable harm to both state economies and global trade.

The ultimate fate of Trump’s tariffs now rests with the Supreme Court, where the outcome remains highly uncertain. Economists warn that if the Court sides with the appeals panel, the administration could be forced to refund billions in ill-gotten tariff revenues. Many believe such a refund would provide overdue relief to businesses and consumers, but in the meantime the uncertainty continues to roil markets at home and abroad.

Trumpenomics: The Decline of the US

bookmark_borderSlate Auto: Reinventing the EV With a “Blank Slate” Approach

by Daniel Brouse
August 28, 2025

Founded in 2022, Slate Auto is an American startup with a bold mission: to deliver an affordable, highly customizable electric vehicle that challenges traditional automaking. At the center of its strategy is the company’s first product, the Slate Truck—a modular electric pickup designed to transform seamlessly into an SUV. This dual-purpose design reflects Slate’s vision of giving consumers flexibility and control over how they use and personalize their vehicles.

A Different Kind of Affordability

Unlike established automakers that load vehicles with expensive add-ons, Slate aims to bring the base cost of ownership down to earth. With a starting price of $25,000, the Slate Truck undercuts most competitors in the EV market. Affordability is achieved not by compromising core functionality but by eliminating traditional overheads. For example:

  • No costly paint shop: instead, vehicles come in a neutral molded-gray base designed to be “wrapped” in a wide range of colors, patterns, and finishes.

  • A lean manufacturing model: leveraging a reindustrialized factory in Warsaw, Indiana, Slate avoids the legacy costs that weigh down older automakers.

  • Simplified design: fewer built-in extras mean lower production costs and more room for owner-driven customization.

Customization at the Core

The company brands its philosophy as the “blank slate” approach—a stripped-down, modular vehicle that consumers can personalize through aftermarket kits, accessories, and wraps. Buyers can choose whether they want a rugged work truck, a family-ready SUV, or something entirely unique. This flexibility not only appeals to DIY enthusiasts but also taps into growing consumer demand for products that reflect individual identity and lifestyle.

Manufacturing and Market Timeline

Production is slated to begin at the Indiana facility with the first consumer-ready models expected by late 2026. Slate Auto is positioning itself at the intersection of affordability, sustainability, and personalization—offering a product that could disrupt both the EV market and broader consumer expectations of what a vehicle can be.

A Startup With Big Implications

If Slate succeeds, it could redefine not just EV affordability but the relationship between automaker and consumer. Rather than dictating every feature and finish, Slate is betting that future car buyers want control, creativity, and cost savings. The Slate Truck may not just be another EV—it could be the blueprint for a new era of modular, user-customized vehicles.

The Human Induced Climate Change Experiment