The Federal Reserve enjoys extraordinary independence from the elected branches of government, based on the well-founded fear that politicians cannot be trusted with the power to print money and manipulate interest rates.
I believe the time has come for the Nobel Prize committee to consider rescinding Paul Krugman’s award. His columns in the New York Times are supposed to give us insights into public policy issues based on economics.
Until we entered the Great Recession, most economists regarded Keynesian economics as a relic of the past. You could still find it discussed in some introductory textbooks.
What we call the Reagan Revolution was not just a US phenomenon. Beginning in the last quarter of the 20th century there was massive political change all over the world.
As Americans celebrated the Labor Day weekend, nearly 94 million people of working age actually had nothing to celebrate. That’s because they aren’t in the labor force.
Interview with Larry Kotlikoff. Author of "Jimmy Stewart Is Dead" from Daniela Guernica on Vimeo.