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Donald Trump Wants to Remake the Global Financial System

Donald Trump’s attack on the Fed is part of his authoritarian attempt to capture the administrative state. Economist Mona Ali spoke to Jacobin about the stakes of the current clash between Trump and Lisa Cook and what a democratized Fed could look like.

Caught Stealing Is a Wild and Violent Romp

Darren Aronofsky’s Caught Stealing sees the typically pretentious auteur shift gears toward fun and violence in late 1990s NYC. It’s a throwback to gritty 1970s filmmaking but set in the Giuliani era — the perfect setting for our downwardly mobile 2025.

The Fed Has Never Been Independent

While Donald Trump’s attacks on the Fed are deeply authoritarian, the institution itself is far from blameless. From the 2008 crash to the pandemic, its primary aim has been to protect the interests of the wealthy.