Prospect Weekend Reads Week of November 7th Stories from the week you don’t want to miss!
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Republicans invited this monster into their house, and he doesn’t want to leave.
Republicans Have a Disease Called Donald Trump: The anticipated 'red wave' could have materialized if Republicans nominated candidates that focused on inflation and crime instead of issues like abortion. By doubling down on Trump, Ryan Cooper argues, they invited the Democrats' success.
Why Is Congress Still Writing Crypto Regulations?: FTX CEO Sam Bankman-Fried's admission to using customers' money for speculation and the subsequent crash should prove to lawmakers crypto is a scam. Why is Congress still working on industry-friendly regulation? David Dayen has the story.
Already in a Hole, the Federal Reserve Keeps Digging: The Fed's strategy of hiking interest rates has nothing to do with inflation, but Jerome Powell is determined to keep going. Jeffrey Sonnenfeld and Steven Tian wrote about the true causes of inflation.
The House Democratic Leadership Race: The next leader of the House Democratic caucus could be Hakeem Jeffries, which would be a blessing for corporate interests. Robert Kuttner asks: is this really the direction the party wants to go in? Corporate Power Had a Bad Election Night: Holding corporations accountable for opportunistic price gouging is both good policy and good politics.David Dayen wrote about how Democrats who used a pro-populist message on the campaign trail found success.
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