Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and discriminate based on race; freedom to hold different ideas and express them, not so much.

On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment isn't O.K. just because it hasn't hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.

If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.

...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.

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

For most Americans, economic growth is a spectator sport.

Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.