Venezuela and the Socialism Slide

How do we measure the cost of Venezuelan socialism? Is it people eating household pets? Is it people dying of malnourishment? Is it women selling their bodies? Actually, it’s all of the above. And there’s plenty of additional evidence. All of which shows that more...

The Federal Reserve, Inflation, and Asset Bubbles

Having been exposed to scholars from the Austrian school as a graduate student, I have a knee-jerk suspicion that it’s not a good idea to rely on the Federal Reserve for macroeconomic tinkering. In this interview from yesterday, I specifically warn that easy money can...
Debating Fiscal Policy and Red Ink for USA Today

Debating Fiscal Policy and Red Ink for USA Today

The folks at USA Today invited me to opine on fiscal policy, specifically whether the 2017 tax cut was a mistake because of rising levels of red ink. Here’s some of what I wrote on the topic, including the all-important point that deficits and debt are best understood...