David Dayen

1 week ago | prospect.org | David Dayen

As we’ve been covering at the Prospect, the crypto industry has been angling to cash in the rewards it earned after bankrolling dozens of politicians in their 2024 campaigns. In the Senate, a handful of Democrats teed up the first effort in this payback by endorsing a bill called the GENIUS Act purportedly intended to regulate stablecoins, which are digital assets pegged to the U.S. dollar, used mostly to facilitate crypto trades.

1 week ago | prospect.org | David Dayen

While you slept, Donald Trump was mad. So he fired off a late-night executive order that purports to block federal funding to National Public Radio and the Public Broadcasting Service. This is a sign of weakness. NPR and PBS are perpetually under threat of losing funding when Republicans are in power, but they never pull the trigger because a critical mass of lawmakers in the party don’t actually want to vote against Big Bird. This time was supposed to be different.

1 week ago | prospect.org | David Dayen

There’s been an enormous amount of discussion about what holds back markets in physical commodities like housing and energy, but also what prevents innovation and invention. One argument is that there are too many government-generated rules and regulations that slow everything down. Another is that the absence of government structuring leads to private regulations, imposed by dominant firms on their own terms to often exclude rivals and extract money.

2 weeks ago | organizedmoney.fm | David Dayen |Matt Stoller

Welcome to the podcast Organized Money. You can listen to today’s episode on Apple on Spotify, or wherever you get your podcasts. What’s the real-world fallout of the newly imposed tariffs on Chinese imports? Matt and David speak to Molson Hart, someone smack in the middle of the current tariff debate. Molson is an entrepreneur and toy company founder with firsthand experience in global manufacturing.

2 weeks ago | portside.org | David Dayen

Waiting for the Supply Shock Published May 1, 2025 Two milestones converged this week that seem important in the moment but in retrospect will be minor blips historically: yesterday’s reaching of the first hundred days of Donald Trump’s second term, and today’s announcement of first-quarter gross domestic product showing the economy contracted by 0.3 percent on an annualized basis. The former is just a news hook to overlay “what it all means” stories that are as light as air.