This week we cover a new study on pharmaceutical tariffs, whether to expect a new Great Depression (via Phil Magness and Marc Wheat in National Review), and how the U.S. auto industry is souring on the electric vehicle revolution. Our interview this week is with Romina Boccia, director of budget and entitlement policy at the Cato Institute, editor of Debt Dispatch on Substack, and co-author of the new book "Reimagining Social Security: Global Lessons for Retirement Policy Changes." We talk about working, saving, budget deficits, and what it will take to reform America’s flagship program for retirement security.

Free the Economy is hosted by Richard Morrison. Keep up with new episodes by following us on Twitter at @freethe_economy and read our episode summaries, with links to the stories we cover, at cei.org/blog.