Harley-Davidson Is Right and Trump Is Wrong

Harley-Davidson Is Right and Trump Is Wrong

It’s no secret that I’m a critic of Trump’s protectionism. He doesn’t understand the benefits of trade, misinterprets trade data, and – to coin a phrase – he’s “making cronyism great again.” But, as shown in this interview, even I’m shocked that he’s “blaming the...
What Will Cause the Next Recession?

What Will Cause the Next Recession?

I often discuss the importance of long-run growth and I pontificate endlessly about the policies that will produce better economic performance. But what about short-term fluctuations? Where are we in the so-called business cycle? I don’t think economists are good at...