Bad ideas flourish because they are in the interest of powerful groups.

[I]f one asks what substantive contributions [F. A. Hayek] made to our understanding of how the world works, one is left at something of a loss. Were it not for his politics, he would be virtually forgotten.

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

The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains for ordinary working Americans. And now it looks as if it never will.

You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

Not all private equity people are evil. Only some.

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.