By Robert E. Rubin

Over the past year, President Trump has taken unprecedented actions to assert federal control over our economy and undermine the constitutional system on which that economy depends. In response, many leaders in the private sector—as well as in philanthropy, media, law and academia—have responded not with criticism, but with acquiescence and accommodation.

By Robert E. Rubin

My advice to those new in government work is to approach the job with modesty. While government can benefit from a business perspective, government can’t and shouldn’t be run like a business. This is in part because government work requires skills and knowledge one doesn’t acquire in business.

By Robert E. Rubin

I discussed the equity market outlook for 2024 with several fellow advisers to an investment fund a few weeks ago. They were optimistic about the prospects of the U.S. economy achieving a soft landing. Like many Wall Street economists I speak to, they based their view on a conventional analysis of a range of economic factors, from Federal Reserve policy to consumer spending. I think the outlook is more complicated.