He’s no longer pressuring the Federal Reserve to lower interest rates. He’s now claiming he has a right to fire members of the independent Federal Reserve, as the WSJ and NYT report. … My prior thoughts on the president’s march toward state-managed capitalism can be found here and here. … Actually, David Graham at The Atlantic thinks it’s more like “right-wing socialism.” And it’s not just state control over the economy. … An MSN copy of Graham’s Atlantic piece can be found here.

Update — 8.27.25 — From a reader: “I don’t want to get into liberal polysci 101 semantics with their obsession with terms, i.e. ‘genocide,’ ‘autocrat,’ ‘oligarch.’ But on the other hand, sometimes if it looks like a duck, quacks like a duck, smells like a duck ….” And to buttress his point, he sent in this NYT link.