Matthew Yglesias

Biden Should Give Big Oil a Bailout

White House Chief of Staff Ron Klain has taken to tweeting the price of a gallon of gasoline on a daily basis, a habit that’s convenient for him as long as it continues its steady decline. The idea that President Joe Biden’s administration is somehow responsible for this decrease is wrong, of…

A Debate Over the Deficit Is Just What America Needs

With unemployment low, inflation high and interest rates on the rise, the time is right to bring back an old idea: bipartisan talks to reduce the federal budget deficit. I know: Try to contain your excitement. But it wasn’t so long ago — about a decade — that the US was consumed by a mania for…

Biden 2024? America Needs to Know Now

If Joe Biden wants to run for re-election, he should say so clearly and soon — and then start acting like it. Alternatively, if the president is not sure he wants to run again, he should take that as a strong sign that he shouldn’t — and then make that announcement soon, too. The point, you may…

Biden Needs to Unleash His Inner Biden

Every modern presidency eventually hits bumps in the road, at which point the call will come from someone somewhere to “let the president be himself.” Many of my friends are familiar with the “Let Bartlet be Bartlet” episode of “The West Wing,” but the modern version of the cliché dates to the…

Biden Can Do Much More to Fight Inflation

When it comes to inflation, President Joe Biden gets two big things right — and a lot of little things wrong. Unfortunately, for both his administration and Americans adversely affected by higher prices, the little things add up. The administration’s message on inflation is broadly correct on…

America Needs Elon Musk — to Sell Electric Cars

My family’s next car will almost certainly be electric — and that’s a problem, not necessarily for our family but for America. You see, we’re your basic highly educated big-city liberals. We have solar panels. For family burger night, we’ve gone meatless. Our current car is a Toyota Prius hybrid…

America’s Era of Free-Lunch Politics Is Over

The return of inflation for the first time in my lifetime also means the return of difficult short-term tradeoffs in economic policy for the first time in the 21st century. To put it another way: The era of free-lunch politics is over — and it’s Republicans, even more than Democrats, who will have…

The Lifting of the Mask Mandate Is a Gift to Democrats

The federal judge who on Monday struck down the CDC’s mask mandate in airports, airplanes and other public transit did President Joe Biden and the Democratic Party a favor. This lingering non-pharmaceutical intervention, at a time when mask rules have been dropped in virtually every other…

We’ll Miss Globalization When It’s Gone

At the dawn of the 20th century, Norman Angell famously (or infamously) predicted that the era of global commercial integration had made great power conflict so costly and destructive as to be unthinkable. A few years later, the outbreak of World War I proved him right about the cost and…

How 2021 Could Have Been Different for Biden

With inflation running at more than 6 percent and President Joe Biden’s legislative agenda in peril, ’tis the season for second-guessing. So I’d like to focus on what may well have been the original sin of the Biden administration and the narrow Democratic majority in Congress: last February’s…