Paul Gregory's academic contributions were featured in Chapter 8, “Markets versus Socialism,” of the 2019 Economic Report of the President. "We found your research to be insightful and critical to the completion of our Report."

The most dangerous domestic problem facing America’s federal government is the rapid growth of its budget deficit and national debt. According to the Congressional Budget Office, the deficit this year will be $900 billion, more than 4% of gross domestic product. It will surpass $1 trillion in 2022. The federal debt is now 78% of GDP. By 2028, it is projected to be nearly 100% of GDP and still rising.

When governments collect less money through taxes than they spend, they run deficits. But the US government borrows in the same currency it issues, so can’t it use its printing power to help balance its budget and avoid a deficit

The two recent crashes of Boeing 737 Max airplanes with the deaths of all aboard were tragic. It’s understandable that government agencies around the world, with the U.S. Federal Aviation Agency being the last, have grounded all 737 Max airplanes until they know more.