A week ago, Senator Chris Murphy said the Trump White House was “on its way to being the most corrupt in the history of the country.” That statement is wrong. The White House is not on its way; it has already arrived. Today’s car show at 1600 Pennsylvania Avenue is additional evidence. White House deputy chief of staff Dan Scavino livestreamed the event on X, the social media app owned by Musk. The Tesla share price increased more than 7% today, so the stunt added $55 billion to the company’s market capitalization. Members of the Trump crime family who knew about the car show likely profited immensely.

Blair Fix at _Economics from the Top Down_ also wrote two very good papers on the converion of housing into…