David M. Smick Articles


The Death of Economics

A fatal case of hubris.
Jul 08, 2013

Recently a Japanese economist visited Washington to explain his government’s “five year economic outlook.” A five month outlook might have been more credible. Yet with surprising hubris, the economist forecast inflation and GDP five years out.

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Losing the Economic Battle

The global debt apocalypse approaches.
Oct 31, 2011

On the issue of public debt, Washington is experiencing what psychologists call “learned helplessness.” The financial news is so relentlessly terrible that people have become numb to it and assume nothing can be done to regain control over our fate.

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