My latest column for the Huffington Post challenges conventional wisdom that deflation is bad. On the contrary, deflation driven by the rapid decline in oil prices is good news for America. Declining oil prices are, for the average family, the economic equivalent of a large tax cut. This is one “gift horse” we shouldn’t be looking in the mouth.
Which state, red or blue, is better to reside in? I introduced and framed the Intelligence Squared U.S. debate on this very topic, recorded live from Los Angeles, in partnership with the Philanthropy Roundtable. Let’s take a closer look at the dichotomy between how you vote with your mouth and how you vote with your feet.
Today, banks that were once “too big to fail” have only grown bigger, with JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs holding assets equal to over 50% of the U.S. economy. Were size and complexity at the root of the financial crisis, or do calls to break up the big banks ignore real benefits that only economies of scale can pass on to customers and investors? Hear my remarks on both sides of the debate.