But where will the Fed find another bubble?

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.

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

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

The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

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

So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day - maybe even a bit worse than expected, because it appears that volume has been much bigger than predicted. Here’s what you need to know: this is good, not bad, news for the program... Lots of people logging on and signing up on the very first day... is an early indication that it’s going to be fine, that plenty of people will sign up for the first year of health reform.