Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.

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.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

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.

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

Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.