I don't think I've had any great success in predicting politics or social change, nor have I really tried.

[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.

Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand.

The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom.

Debt is one person's liability, but another person's asset.

There's one thing that the Fed has been really good at cracking down on, and that's inflation.

I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.