A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.

Nobody really understands gold prices and I don't pretend to understand them either.

September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.

Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.