Nobel laureate Paul Krugman asserts that President Donald Trump's recent announcement of a 10% cap on credit card interest rates is a legally powerless “charade” driven by political considerations.Governing By ‘Performance’In a new analysis on Substack, Krugman dismisses the President’s declaration as purely “performative,” noting that a post on Truth Social lacks the legal force to alter financial regulations.“Tweets don't change the law,” Krugman writes, characterizing Trump as a “would-be price controlle ...

Not that I want to push a little bit on the ultimate goal of these companies. To me, it it seems like they're being treated as the way these companies are thinking about these assets. It's sort of like DeBeers when it comes to diamonds to be able to control the amount that's actually out there.Because if you buy up all of a certain asset, you certainly have price control. Is that the ultimate goal here. Because this stuff is not being bought and sold necessarily. It's just being bought and held.I think the ...