The Prospect Weekly Roundup: Year-End Extravaganza

The Project Crypto Scheme

Forget deregulatory legislation; the SEC and CFTC are already working diligently to eliminate regulatory oversight of crypto at the behest of their president.

Data Centers Win-Lose in Virginia

In an era of austerity, Virginia’s state budget deal puts its lawmakers supporting Big Tech and its tax exemptions on a crash course with their constituents.

Benjamin Franklin, Champion of the Wealth Tax

When public needs were great, he wrote, its claim on the ‘superfluous’ property of the rich was strong and just.

Who Is Running America’s 250th Anniversary?

The private-private partnership behind the semiquincentennial celebrations.

Marco Rubio’s Dangerous Diplomacy in Lebanon

The secretary of state is pushing for what amounts to an indefinite Israeli occupation of the country, which could threaten civil war.