The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.

When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.

The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.

People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.

Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.

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

Asset bubbles have happened even without not-so-easy money. And, in a depressed economy, where alternative uses of money are not great, people are going to bid up the prices of profitable corporations and stuff like that.