I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.

The science fiction world has a lot of people doing seriously imaginative thinking.

We should try to create the society each of us would want if we didn't know in advance who we'd be.

Friedrich Hayek is not an important figure in the history of macroeconomics.

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.

Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.

Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (though it can happen), so in that sense the gap between rich and poor has narrowed. But the question isn't whether society is, in some sense, more equal than it was in 1900. It's whether it is radically more unequal than it was in 1970. And of course it is.