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John R. Puri

John R. Puri

National Review

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How a Lifelong Carbon-Taxer Helped Discredit Climate Policy

The economist William Nordhaus died on October 30. In 2018, Nordhaus won the Nobel Prize in Economics for developing an economic model of climate...

yesterday 0

National Review

John R. Puri

Democrats’ Awful Start on Affordability

Democrats dominated in the midterms largely on a kitchen-table message of affordability. Naturally, one of their first legislative acts will be to...

06.11.2026 8

National Review

John R. Puri

Inflation Matters, It Turns Out

In January, I wrote that by putting extreme pressure on the Federal Reserve to slash interest rates to nearly zero and thereby blow out the money...

05.11.2026 9

National Review

John R. Puri

Why Not Both/And?

The debate is raging on the plugged-in right, including on NR‘s pages, over whether Republicans’ midterm obliteration was mostly precipitated by...

05.11.2026 8

National Review

John R. Puri

The Most Important Midterm Statistic

Many pundits are confused as to why, in an economy where all the aggregates are pointing in the right direction, Americans are so sour about it....

03.11.2026 10

National Review

John R. Puri

Economists Try to Save Californians from Themselves

Much of the damage of Proposition 40, a ballot measure to impose a 5 percent wealth tax on California billionaires' assets, has already been...

02.11.2026 10

National Review

John R. Puri

Does Anyone Know Why the Fed Didn’t Raise Rates?

According to the Federal Reserve today, "Economic activity is expanding at a strong pace." Despite an energy shock, "domestic spending...

28.10.2026 10

National Review

John R. Puri

A List of Things Democrats Might Do If They Retake Power

There are plenty of reasons to fear a Democratic trifecta in Washington, which next week’s midterms may very well set up for 2028. Below is a list...

28.10.2026 10

National Review

John R. Puri

Paper Straws and the Fallible Logic of Perfectibility

There is a progressive impulse — indeed, one shared by many who are not formal progressives — to bring all forces into proper balance and thereby...

27.10.2026 10

National Review

John R. Puri

We’re Now at 40 Federal Equity Stakes

Another day, another batch of federal “investments” in private companies. The Commerce Department distributed $389 million in funds earmarked for...

22.10.2026 10

National Review

John R. Puri

Retirees Shouldn’t Get Bigger Raises Than the Workers Who Fund Them

Starting next year, seniors receiving Social Security will see an increase in their benefit checks of 3.6 percent, or by approximately $75 per month...

22.10.2026 7

National Review

John R. Puri

Free the Onion Futures!

Are we truly free unless we can bet on the price of onions? Many brave souls are finally crying out. On Monday, outside the Chicago Mercantile...

21.10.2026 10

National Review

John R. Puri

Trump Pays Off Farmers by Decree, Yet Again

The price of diesel is much higher than it was at the beginning of this year, and despite his shamelessly blaming Ukraine, it's mostly because of...

20.10.2026 10

National Review

John R. Puri

If Only Tariffs Made Industries More Dynamic

Michael Brendan Dougherty thinks I gave domestic markets short shrift when I asserted that they cannot bring the price of a good below its pre-tariff...

19.10.2026 10

National Review

John R. Puri

Elizabeth Warren’s Condiment Consternation

The senator from Massachusetts is concerned, as she so often is, about a voluntary market transaction that she has nothing to do with. Witness...

16.10.2026 10

National Review

John R. Puri

More Bad Inflation Data

Elevated inflation still isn't dead, even if the president, the Federal Reserve, and everyone else in America (except those who benefit from...

15.10.2026 10

National Review

John R. Puri

Tariffs Still Raise Prices, Even If They Fall

Michael Brendan Dougherty responded to my claim that raising domestic prices is the point of tariffs, since they aim to increase domestic production...

15.10.2026 10

National Review

John R. Puri

Raising Domestic Prices Is the Point of Tariffs

Fox News reported on a new Federal Reserve paper that finds that new tariffs have caused prices of U.S.-made consumer goods to rise in tandem with...

14.10.2026 10

National Review

John R. Puri

Of Course We’re on Russia’s Side

This morning, we received word that Ukraine lost access to its satellite internet service provided by SpaceX and the U.S. military. That sudden loss...

14.10.2026 20

National Review

John R. Puri

Remember Those ‘Root Causes’ of the Border Crisis?

For four years, the Biden administration and the media kept telling us that the crisis at the southern border was out of the president's hands...

13.10.2026 10

National Review

John R. Puri

When Welfare Policy Is Economic Policy

The Wall Street Journal has a brutal report on how Britain's welfare spending (on cash programs, not health care) is crushing the country's...

12.10.2026 10

National Review

John R. Puri

Freedom Conservatives Unite

You may remember that in 2023, responding to the emergence of “national conservatives” and their statement of principles, a large group of more...

12.10.2026 20

National Review

John R. Puri

Demagoguing Microsoft’s Immigrant Hires

Vice President JD Vance, usually known for his fastidious honesty, took the opportunity to attack Microsoft for legally hiring immigrants when he...

09.10.2026 10

National Review

John R. Puri

The Federal Deficit Is Now $2 Trillion

The Congressional Budget Office (CBO) released its monthly budget review for September today, and the findings aren't wonderful: "The...

08.10.2026 10

National Review

John R. Puri

The Trade Deficit Has Nothing to Do with Tariffs

In August, the U.S. trade deficit hit a seasonally adjusted $106 billion, the highest total since President Trump announced his sweeping tariff regime...

07.10.2026 10

National Review

John R. Puri

How Can We Have a Bad Economy with Record Consumption?

Michael Brendan Dougherty writes that many Americans are reasonably upset with the economy mostly because of higher prices and a diminished path to...

06.10.2026 10

National Review

John R. Puri

Raising Interest Rates Isn’t Central Planning Either

Ramesh writes on the Corner: The U.S. has a government-issued currency and a central bank. Maybe we shouldn’t have these institutions, but they are...

05.10.2026 20

National Review

John R. Puri

Keep the Rate Hikes Coming

The Federal Reserve will decide at the end of October whether to raise interest rates for a second consecutive meeting, most likely by another quarter...

01.10.2026 20

National Review

John R. Puri

Economically Illiterate Policies May Be Popular, but They’re Still Economically Illiterate

The Wall Street Journal has a new national poll out, finding that many populist economic interventions, such as price controls and restrictions on...

30.09.2026 20

National Review

John R. Puri

Maybe the Justices Don’t Want to Rule on Climate Lawsuits?

This week, we learned from the Supreme Court that Justice Samuel Alito is recusing himself from the case of Suncor Energy v. Boulder County, with oral...

30.09.2026 20

National Review

John R. Puri

The Economy Is Great, and Also Terrible

The U.S. economy is "robust," says the Wall Street Journal. Over the past few years, it has blown through the highest inflation in 40...

28.09.2026 20

National Review

John R. Puri

Another Reason Austin Is Booming? Abundant Housing

Jim Geraghty writes today about why Austin, Texas, is thriving, having grown from the nation's 27th most populous city in 1990 to its 12th...

25.09.2026 20

National Review

John R. Puri

Free Trade Is Ancient Wisdom

My predecessor, Dominic Pino, wrote for NR last year that "free trade is how you live your life," since international commerce is simply the...

25.09.2026 20

National Review

John R. Puri

A Bipartisan Deal on Fraud Prevention, if Congress Wants It

A pair of House Republicans has introduced a bill, the Anti-Fraud Fund Act of 2026, to crack down on pervasive fraud in federal health-care programs...

23.09.2026 20

National Review

John R. Puri

Don’t Ruin GLP-1 Prices by Having the Government Cover Them

Over the past few years, the American health-care sector has seen a real-time experiment in what happens when a revolutionary treatment runs outside...

22.09.2026 10

National Review

John R. Puri

Banning Diesel Exports Would Backfire on Americans

Amid record-high U.S. diesel prices, the proximate cause of which is the war in the Middle East, some policymakers are considering an intervention to...

17.09.2026 200

National Review

John R. Puri

At Last, the Fed Begins to Do Its Job

The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to raise the target range for...

16.09.2026 20

National Review

John R. Puri

Incentivize States to Police Their Own Medicaid Waste

Tomas Philipson has a piece for NRO today arguing that the federal government should use its funding leverage to force new requirements against waste...

16.09.2026 20

National Review

John R. Puri

No, Republicans Did Not Give Data Centers a Special Tax Break

Yesterday, Politico published an article with a knowingly misleading title for data centers' enemies to pounce on: "Corporate tax payments...

15.09.2026 30

National Review

John R. Puri

Kevin Warsh’s Time for Choosing

On Wednesday, the Federal Reserve will announce its decision on where to set the benchmark interest rates that affect borrowing costs throughout the...

14.09.2026 30

National Review

John R. Puri

Be Wary of Industries Asking for Regulation

The leaders and employees of major AI developers, especially OpenAI and Anthropic, make headlines whenever they fret in public that their products...

10.09.2026 20

National Review

John R. Puri

The Bond Market Chews Up and Spits Out Scott Bessent

Treasury Secretary Scott Bessent must be feeling chafed. Last month, amid rapidly rising interest rates on federal debt, he announced that his...

10.09.2026 30

National Review

John R. Puri

Against the Stay-at-Home-Mom Subsidy

Over the weekend, it was reported that the Trump administration — particularly Vice President Vance — is pushing a plan to open up a federal...

08.09.2026 20

National Review

John R. Puri

Trump Says More Insane Things About the Federal Reserve

We received this calm, collected message from the president this morning after the most recent jobs report was released: Great jobs number just...

04.09.2026 30

National Review

John R. Puri

The Federal Reserve Is out of Excuses

The U.S. economy received a great jobs report today, at least by the sad standards of the past few years. The Wall Street Journal summarizes: The U.S....

04.09.2026 30

National Review

John R. Puri

Never Too Much Ethanol for Farm-State Republicans

Republicans from farm-heavy states are not exactly prophets of free enterprise when it comes to their favorite industry. On agricultural policy, they...

02.09.2026 20

National Review

John R. Puri

We Don’t Need a Strategic Petroleum Reserve

President Trump claims that the federal government can replenish its Strategic Petroleum Reserve "very shortly" with Venezuelan oil to...

01.09.2026 20

National Review

John R. Puri

Kevin Warsh Makes the Case for Rate Hikes

The words of Federal Reserve Chair Kevin Warsh are consistently more impressive than his actions on monetary policy. But during his speech in Jackson...

28.08.2026 30

National Review

John R. Puri

As If Electronics Weren’t Expensive Enough

Amid the AI build-out, the country is experiencing a historic surge in the cost of memory and other computer chips. This demand shock has forced...

27.08.2026 30

National Review

John R. Puri

Inflation Update: Still Too High

The government released new data for the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index,...

26.08.2026 30

National Review

John R. Puri