That’s what David Leonhardt claims in a recent New York Times article. Gene Epstein joins me to dismantle this comic-book story. Sponsor: If you’re tired of doom and gloom in your financial analysis, Merk Research offers a balanced, unbiased approach to the market and economy. Get a three-month free trial of their material at
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday. Visit https://tomwoods.com