No Matter How You Look at It, the Big Beautiful Bill is a Monstrosity
Here are three views of the bill's horrific distributional consequences.
Voilà—today's statement from the Federal Open Market Committee. The Fed will use "all available tools." Yawn... But there was one dissenter, Jeffrey M. Lacker, "who preferred to expand the monetary base at this time by purchasing U.S. Treasury securities rather than through targeted credit programs."