What happened after 9/11 - and I think even people on the right know this, whether they admit it or not - was deeply shameful. The atrocity should have been a unifying event, but instead it became a wedge issue. Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons....The memory of 9/11 has been irrevocably poisoned; it has become an occasion for shame. And in its heart, the nation knows it.

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

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.

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

Can we break the machine that is imposing right-wing radicalism on the United States? The scariest part is that the media is part of that machine.

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

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.