The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.

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

The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.

I don't think I've had any great success in predicting politics or social change, nor have I really tried.

Economics is not a morality play.

In our country, learned ignorance is on the rise.

These days, however, the main problem comes from the right - from conservatives who, unlike most economists, really do think that the free market is always right - to such an extent that they refuse to believe even the most overwhelming scientific evidence if it seems to suggest a justification for government action.