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US Debt and Deficits: We Are in Dire Need of Major Reforms

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US Debt and Deficits: We Are in Dire Need of Major Reforms
Federal Reserve building in Washington, on March 16, 2022. Saul Loeb/AFP via Getty Images
Robert Genetski
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Commentary

According to the economist Thomas Sowell, “The first lesson in economics is scarcity. There isn’t enough to satisfy everyone. The first lesson in politics is to ignore the first lesson in economics.”

Robert Genetski
Robert Genetski
Author
Robert Genetski is a public speaker, author, columnist, and one the nation’s leading economists. He has taught economics at the University of Chicago’s Graduate School of Business and NYU. His latest book is “Rich Nation, Poor Nation: Why Some Nations Prosper While Others Fail.” Genetski’s website is ClassicalPrinciples.com.
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