HeyJaredThe Power and the Money
Interesting stuff from a political economy perspective, with all the fun details
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- Sep 23, 2026
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- Jul 4, 2026
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A brief history of American regulation (opens the original)
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First, this:That’s how millions of American kids learned about the Constitution. Congress writes a law, the President vetoes (or not), Congress overrides (or not). You know you’ll be a law someday! Good schools would add that the Supreme Court gets a say in all this and can declare a law unconstitutional. (Or you could have seen this terrible Schoolhouse Rock video some other Saturday morning and somehow remember it.) The thing is, it was always a little bit more comp
Scholar-on-Scholar Debate: When Disagreement Comes from the Right (opens the original)
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“It’s easier to imagine the end of the world than the end of the American Empire.”—Daniel Bessner Daniel Bessner is a tenured professor at the University of Washington and the author of Imperialist Realism: Politics and Culture at the End of the American Century. (And he’s from Rockaway, Queens!) I admire his work and often disagree with it. He has a Substack, and his <a href="https://imperialistrealism.substack.com/p/everyone-knows-the-new-cold-
There’s an Easy Way to Bring Oil Prices Down (opens the original)
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A student asked me yesterday morning, “Is it true that the United States is self-sufficient in energy?”“Well, North America is, pretty much.”“Then do we have to care so much what happens in the rest of the world?”It’s an excellent question. Why do we have to care so much about the rest of the world? Who cares what we break in the Strait of Hormuz? Well, Americans should care because we’re a good and responsible people, but why should anyone care care? Like vote to hand the GOP’s rear-end back to
Can the Trump-Venezuela Oil Deal Survive Trump? (opens the original)
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There’s been a lot of discussion about whether the new Venezuela oil deal is legal and, more importantly, whether a future administration could simply tear it up. Phillips O’Brien, whom I greatly admire, argues that the answer to the second question is basically yes. The Trump administration’s deal isn’t legal under Venezuelan or American law, O’Brien avers. Therefore the 35% U.S. equity stake can be handed back
Enough already with the takes: here’s some real math on Venezuela’s oil deal (opens the original)
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The Trump administration has announced a deal to give us Venezuela’s oil. We don’t know a lot of details, but we’re already getting some incorrect opposition. For example, Eurasia Group analyst Gregory Brew (the author of an excellent book on Iran), tweeted this:The problem is already obvious. The 1948 agreement split profits 50-50 between the government and the private companies. The agreement outlined by President Rodríguez gives the Venezuelan government 29% of the gross revenues. ($19 ÷ $65
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