If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.

The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.

Rising inequality isn’t about who has the knowledge; it’s about who has the power.

Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment industry as a whole?

Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.

If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.

I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society.