Beware the Fiscal Musket

If the Department of Defense sent our troops abroad with muskets and bayonets, everyone—Republican and Democrat, from die-hard Trump supporters to the followers of Bernie Sanders and everyone in between – would scratch their heads and wonder how they could be so naïve. Why then, do the Department of the Treasury, Labor, Commerce, HUD, the SEC and all the other agencies that grapple with the most important macroeconomic forces in this country, get a free pass? How can anyone expect them to solve today’s economic problems using yesterday’s tools? Continue reading Beware the Fiscal Musket