John Tamny – författare

There’s a growing consensus about the causes of budget deficits and the national debt. And that’s the problem.   At present, members of the Left claim that higher rates of taxation levied on the rich are the fix, members of the Right call for a combination of spending cuts, tax increases and entitlement reform, while supply siders confidently assert that the path out of debt is tax cuts that will shower the Treasury with higher tax revenues borne of soaring economic growth. The solutions flamboyantly mistake the problem.   In his latest and arguably most pathbreaking book, Parkview Institute president John Tamny asks readers to contemplate government debt in an all-new way, and in doing so makes a powerful case that deficits and the national debt will continue to grow precisely because left, right and supply side profoundly misunderstand why there’s debt in the first place.   While the warring ideologies promote what they imagine are different solutions to the perceived debt problem, it’s lost on them that they’re basically saying the same thing: an insufficiency of federal tax revenue has resulted in deficits and debt that seemingly soar without endpoint. Tamny makes a case that the arguments fail repeatedly precisely because they’re backwards.   Drawing on examples from private individuals and businesses, Tamny turns the debt discussion on its head. Far from a signal of insufficient revenue, Tamny shows that government debt is a logical and perilous effect of market optimism about rising tax revenues now, and much more dangerous, the expectation of exponentially more tax revenue in the future.   Readers of The Deficit Delusion will gradually see the folly of a deficit and debt discussion that has grown stale and terribly confused, all the while looking at the Reagan tax cuts, skyrocketing government debt in California, entitlement reform, and the soaring national debt through an entirely different lens. Far from an apology for all the government debt, Tamny makes a passionate case that the debt crisis is not what the alarmists of the competing ideologies imagine it to be, but is instead one of soaring tax revenue itself that, if unchecked, will render the national debt of the moment rather pedestrian in comparison to what’s ahead.   For far too long readers have been inundated with the same arguments and same solutions dressed up differently to feed the differing views of the competing ideologies. With The Deficit Delusion, readers finally have a book that will prove the mask-off moment for left, right and supply side.

The Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they’re also generally a bit confused as to why they distrust our central bank.Their animus is reasonable, though, because the Fed’s most famous function—targeting the Fed funds rate—is totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber.In modern times, he points out, the notion of credit has been perverted, so that most people believe it’s money and that the supply of it can therefore be increased. This false notion has aggrandized the Fed with power that it can’t possibly use wisely. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots.Who Needs the Fed? makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed’s existence is inimical to its creation. Readers will come away entertained, much more knowledgeable, and prepared to argue that the Fed is merely superfluous on its best days but perilous on its worst.

“John Tamny is a one-man antidote to economic obfuscation and mystification.” —George Will, Nationally Syndicated Columnist “In spirit, Tamny does for economics what the Gutenberg printing press did for the Bible, making a previously inaccessible subject open to all. Equally important, he does to economists what Toto did to the Wizard of Oz: pulling aside the curtain to expose the fraud that has become modern economics.”  —Steve Forbes, Chairman and Editor-in-Chief, Forbes Media                                                         “Ignore John Tamny’s easy to read Popular Economics at your own moral peril. It’s as close to spiritual as you get in this realm—a better tutorial than any econ text.” - Ken Fisher, Founder & CEO, Fisher Investments    “John’s book is many things. It’s a great way to learn economics, it’s a very strong case for economic   liberty, and it is an epic myth-buster. I will be giving it out to friends, of all viewpoints, for a long, long time.” - Cliff Asness, Managing Principal, AQR Capital  ECONOMICS 101 In Popular Economics:  What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics (Regnery Publishing; April 13, 2015; $27.99) Tamny translates the so-called difficult and intimidating subject of economics into plain language, revealing that there is nothing mysterious about finance, commerce, and budgets. In fact, we are all microeconomists in our daily lives.  “Economics is easy, and its lessons are all around us,” says Tamny. “But Americans have allowed the so-called ‘experts’ to convince them they can’t understand, much less grow the economy. Happily, economic growth is simple, too. If you can understand the four basic elements of economic growth—taxes, regulation, trade, and money— prosperity will explode.” Much like Freakonomics, Tamny uses pop culture and engaging stories to illustrate how understanding our economy is common sense—just look no further than the movies we enjoy, the sports we watch, and what we do every day. In Popular Economics, you’ll discover:   How Paris Hilton and the Dallas Cowboys help illustrate good and bad tax policy How Facebook and Monday Night Football demonstrate the debilitating effect of antitrust regulation How the simple act of cooking chicken wings reveals why the “floating dollar” is a recipe for disaster Why Downton Abbey and ESPN are evidence that the U.S. should bulldoze its tax code

From the author of Popular Economics comes a surpringly sunny projection of America''s future job market. Forget the doomsday predictions of sour-faced nostalgists who say automization and globalization will take away your dream job. The job market is only going to get better and better, according to economist John Tamny, who argues in The End of Work that the greatest gift of prosperity, beyond freedom from painful want, is the existence of work that is interesting.

The global economy was booming as 2020 dawned, but within a few short months wreckage, death, and desperation borne of economic contraction were the new normal. What happened?In When Politicians Panicked, economic commentator John Tamny tells the heart-wrenching story of a time when politicians were tragically relieved of basic common sense in their response to the new coronavirus.In March of 2020, the virus quickly became a major news item as political panic about it traveled around the world. Even though anecdotal and market-based evidence from the virus's epicenter indicated very low lethality, politicians quickly imposed economy-crushing lockdowns on the rather specious assumption that unemployment, bankruptcy, and starvation would somehow halt the virus's spread.Tamny methodically dismantles the political consensus by showing how economic growth has long been the first and last answer to death and disease. He then shows how politicians, having mindlessly crushed a growing economy, proceeded to double down on their mistakes by throwing taxpayer money at their shocking errors.Throughout When Politicians Panicked, Tamny makes a relentless case that free people don't just produce the wealth that renders today's killers yesterday's news. They also produce crucial information about health threats that shine a light on that which threatens us. Lockdowns suffocate economic progress, but they also blind us to how we can progress—as Tamny makes plain in what will go down as an essential history for anyone seeking to understand the coronavirus panic of 2020.

The Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they're also generally a bit confused as to why they distrust our central bank. Their animus is reasonable, though, because the Fed's most famous function--targeting the Fed funds rate--is totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber. In modern times, he points out, the notion of credit has been perverted, so that most people believe it's money and that the supply of it can therefore be increased. This false notion has aggrandized the Fed with power that it can't possibly use wisely. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots. Who Needs the Fed? makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed's existence is inimical to its creation.Readers will come away entertained, much more knowledgeable, and prepared to argue that the Fed is merely superfluous on its best days but perilous on its worst.