Arnold Kling is an independent scholar who writes about a wide variety of economic issues. He was an economist on the staff of the Board of Governors of the Federal Reserve System from 1980 – 1986, and served as a senior economist at Freddie Mac from 1986 – 1994. In 1994, he started Home​fair​.com, one of the first commercial sites on the World Wide Web. (Homefair was sold in 1999 to Home​store​.com.) Kling is the author of several books, most recently From Poverty to Prosperity: Intangible Assets, Hidden Liabilities and The Lasting Triumph over Scarcity and Crisis of Abundance: Rethinking How We Pay for Health Care, published by the Cato Institute. He also co‐​edits EconLog, a weblog devoted to economic issues. Kling received his Ph.D. in economics from the Massachusetts Institute of Technology in 1980.