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

I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.

The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

Not all private equity people are evil. Only some.

I think Stockman is an interesting sort of amalgam.

[I]f you look at United States history since World War II, you find that of the 10 presidents who preceded Barack Obama, seven left office with a debt ratio lower than when they came in. Who were the three exceptions? Ronald Reagan and the two George Bushes.

The goal in the end is not to win elections. The goal is to change society.