Taxes, Deficits and Entitlements

Richard Epstein, Professor Emeritus of Law at the University of Chicago Law School, discusses the question: can any political process achieve an ideal balance in taxes, deficits, and entitlements?

The current deficit crisis in the U.S. has drawn wide attention around the world. Its source and resolution are critical issues, not only to the U.S. but also to China and the rest of the world.

Epstein is also professor of Law at the New York University Law School and Senior Fellow at the Hoover Institution. He acted as the interim dean of the University of Chicago Law School and Director of the John. M. Olin Center for Law and Economics at the University of Chicago Law School. He was editor of the Journal of Legal Studies and Journal of Law and Economics, and currently writes a column for the Forbes magazine.