With signs of a possible recession on the horizon, Richard Epstein considers some of the purported causes and proposed solutions. Is President Trump right that the Federal Reserve needs to be more accommodating? Are the disruptions from the trade war with China worth it because of their potential geopolitical dividends? Is cutting payroll taxes a reasonable way to jumpstart the economy? And are we better off letting recessions burn themselves out rather than seeking to arrest them through government intervention?
Articles
Interest-paying electronic money, completely safe without deposit insurance, would be a great thing. For example, Silicon Valley Bank would never have had huge uninsured deposits that ran if there had been an easy safe place for large depositors to put their money.
September 22, 2026
Videos
Chicago Fed President Austan Goolsbee sits down with Steve for a conversation about how central banks should respond to supply shocks. Steve also asks Austan for the inside story on what happens at FOMC meetings.
September 23, 2026
Articles
Many people have appropriately criticized President Trump’s promise to give $5,000 to every American adult if the voters elect enough Senators and House members to keep Republican control of each chamber.
September 18, 2026
