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.

Simple doesn't mean stupid. Thinking that it does, does.

The Obama campaign seems dangerously close to becoming a cult of personality.

Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

Every once in a while I feel despair over the fate of the planet. If you’ve been following climate science, you know what I mean: the sense that we’re hurtling toward catastrophe but nobody wants to hear about it or do anything to avert it.

The French, unfortunately, actually believe what they say, and that has been very destructive.