The White House Report on Science
The report gets the facts right, but draws the wrong conclusions.
Author
Brendan Hart
Brendan Hart is an economist and entrepreneur who studies how economic power is created, compounded, and constrained. He has spent two decades building teams and organizations across industry and government.
TitleTypeDateAccess
MemoState CapacityJul 22, 2026Free
The Depreciating Weapon
Washington has made financial sanctions the center of its statecraft. In 2026 each use imposed real pain and quietly moved the world closer to the day it can route around the dollar that gives sanctions their force.
The Crosscurrent
A war premium in energy and a capital boom in artificial intelligence are splitting the world economy into two circuits that one interest rate cannot govern.
Cheap Majorities
Echelon's July survey priced two majorities, and both collapsed.
The Fed's Rate Swing
The Fed held rates in June, quietly adjusting its easing preference.
Tax on the Future
How the Trump administration will handle semiconductors
A Nation Richer Than It Feels
Americans have never been richer, healthier, or longer-lived. They have rarely felt worse about it.
The Capital Layer of Deterrence
The proposed Defense, Security and Resilience Bank shows how sovereign guarantees, capital markets, and industrial capacity are becoming the connective tissue of allied security.
Regime Change, Quietly
Kevin Warsh was installed to cut interest rates, but his first month at the Federal Reserve signaled something larger, and more disciplined.
The Interest State
U.S. fiscal risk is shifting from the debt stock to the refinancing channel.
Compound Learning and Decision Advantage
Strategic competition with China is a contest of institutional learning rates, not just a clash of platforms and inventories.
The New York Premium
A city moving more, growing safer, and becoming more expensive at the same time.
China's Magnet Monopoly
Rare-earth access turns ore into strategic leverage.
AI for Enterprise
Anthropic and OpenAI announce joint ventures with leading investors
The Price That Prices the World
Brent crude has risen roughly 70 percent since February
The Most Profitable Business Ever Built
How Alphabet stands apart
Asymmetric Alliance
Hard break in the special relationship
The Split and the Convergence
BlackRock scaled the flow, Blackstone engineered the outcome.
Capital is King
Analyzing three decades of foreign direct investment
Warsh Over Time
Notable speeches from the presumptive Fed Chair
Economics from A to Z
Language as a public good
The Tipping Point
Becoming the leader in scientific research and development
Industrial Policy in the Age of AI
OpenAI starts a conversation
How Maryland's Economy Compares
A decade of outperformance is tested