If you had to explain America's economic success with one word, that word would be "education".... Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board.... We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process.

[I]n America, at least, we have a pretty good record for behaving in a fiscally responsible fashion, with one exception - namely, the fiscal irresponsibility that prevails when, and only when, hard-line conservatives are in power.

Friedrich Hayek is not an important figure in the history of macroeconomics.

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.

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

The public has no idea that the deficit has been falling like a stone.

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