• October 29, 2019

US Prepares to Monetize Its Debt

The US government spent almost a trillion dollars more than it received fiscal 2019. And that’s just the official, on-budget deficit. Fair accounting would look even worse.

• October 15, 2019

New Trade War Weapons Could Kill Your Stocks

Yay, we have a trade deal! Tough negotiations worked!

Well, maybe. It depends who you ask.

• October 8, 2019

The Dumbest Tax Cut Ever

No one really likes paying taxes. At best, we wish we got more for our money.

A tax system should raise the necessary revenue fairly and with minimal economic distortion. Things go off the rails when governments use tax policy to reward (or punish) certain behaviors.