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

Developments in financial markets can have broad economic effects felt by many outside the markets.

I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

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

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.