Over at WaPo, thoughts on strengthening a weak link in our tax system: that between asset appreciation and tax revs.

Also, re NAFTA, mend end but don’t end it. And less fear mongering over tariffs. I don’t want to see them either, but the extent to which the reporting has largely featured advocates of the status quo got under my skin a bit.

Muscular Larry Summers takedown of those implausible results out of Trump’s CEA yesterday.