Trump Change and Psychology

The U.S. has changed. The stock market has jumped almost 6 percent since the November election. Consumer confidence has climbed, and J.K. Rowling is enjoying her first movie hit since the last Harry Potter romp in 2011. Donald Trump’s talk of tax cuts and deregulation has perked up “animal spirits,” to use Keynes’ term. There’s …
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How Trump Can Save Trillions

I was happy to see Treasury Secretary-designate Steve Mnuchin and advisor David Malpass discuss the U.S. Treasury’s mishandling of debt.  For years I’ve been urging the Treasury to issue long-term 50 or 100-year bonds to lock in today’s ridiculously low interest rates.  In the Wall Street Journal, Investor’s Business Daily, and The Price of Prosperity, I’ve argued that the …
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Can Trump Pull the Plug on Obamacare?

The battle to repeal Obamacare has begun. Financial markets are punishing shares of HCA and UHS. Those large healthcare companies expected to benefit from Hillary Clinton expanding Obamacare. Meanwhile, biotech shares have jumped because Hillary won’t be around to flog them or slap an arbitrary cap on their prices. Donald Trump and his advisers call …
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PBS Features THE PRICE OF PROSPERITY

Watch the masterful TV feature PBS’s Paul Solman put together on The Price of Prosperity.  The story catapulted the book to #1 on Amazon for political economy and nationalism.  Producer Sarah Clune arranged for us to interview Mexican day laborers in Virginia and then discuss immigration, birth rates, and patriotism while touring Washington, DC from Pennsylvania Avenue to Theodore Roosevelt Island.  Here’s …
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The New Supply-Siders — Giggers

What is the modern version of “supply-side” economics? The Gig Economy. Firms like Airbnb and Uber stomp on prices by injecting new supply. Airbnb has effectively added almost 20 percent to the supply of hotel rooms in major U.S. cities. Airbnb gives headaches to hotel firms, but wins applause from vacationers and from homeowners who …
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Summer Vacation Must-Reads!

I’ve been a fan of the Wall Street Journal for a long time and was delighted they named The Price of Prosperity to the list of “Eight Summer Vacation Must-Reads.” I’m pleased to share advertising space with Daniel Silva and Russell Banks.  

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My Favorite Newspaper

The Times of London is now my favorite newspaper.  Christopher Hart’s penetrating review of The Price of Prosperity catapulted the book to #1 on Amazon’s best-seller list for history, business, and political economy.  In addition, the Times found this nifty photo that makes me look like an omnipotent Zen-master.  Or a James Bond villain.  I’m neither. …
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Grappling with the Paradox of Theft

Why are rich countries broke? In Investors Business Daily (and below) I explain “The Paradox of Theft” — As tourists hurry past the National Debt clock near Times Square — which flashes quickly changing numbers topping $19 trillion — many wonder, How can a rich nation like the U.S. owe so much money? I call it …
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Brexit — and What’s Next?

What should the Brits do?  Here’s my Bloomberg radio interview.  The EU does not want to make Brexit easy for the UK, because the EU fears that the Danes and Dutch will scamper away next, following the British example.  To dissuade the Danes and Dutch, the EU would like to extract from Britain, if not a pound …
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Wall Street Journal has Good Taste

The Price of Prosperity received a strong review from the Wall Street Journal.  Former editor George Melloan wrote such lovely things about me that I’ve decided to…renew my subscription!  Here’s an excerpt: “Mr. Buchholz wryly observes that when rich nations begin to shatter, “everyone has a comfy bed—but fewer people have a reason to get out of …
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