⁨Inflation⁩

Every piece where ⁨Inflation⁩ is the variable that does the work.

A voter's hand placing a paper ballot into a ballot box.

Politics

In 2024 every rich-world incumbent lost ground. Then prices cooled

Two billion people voted in the biggest election year in history, and for the first time in about 120 years of records, every governing party facing a developed-world electorate lost vote share. The pattern had one overwhelming correlate, and 2025's elections began testing whether it fades with it.

Sep 20, 2026 · 7 min read

World
Elections, Inflation & Institutions

Abstract of two columns, the near one much taller, in muted red and slate.

Economy

Americans paid the tariffs. 2025 is running the test at scale

The 2018-19 trade war produced a rare thing in economics: an unusually clear answer. Import prices did not fall; the tariff landed on US firms and households. Now the effective rate is 16.8%, the highest since 1935, the average household is out about $1,700 a year, and the same measurements are being made again.

Aug 15, 2026 · 8 min read

United States & China
Trade & Inflation