I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.

A message to progressives: By all means, hang Senator Joe Lieberman in effigy.

There are no atheists in foxholes and there are no libertarians in financial crises.

Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.

It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors are being irrational.

What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.

It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost.