However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that the analysis is actually relevant.

I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.

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

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

The Obama campaign seems dangerously close to becoming a cult of personality.

I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I’m proud of it.

Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.