The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom.

But where will the Fed find another bubble?

I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.

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

Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

We should try to create the society each of us would want if we didn't know in advance who we'd be.

The habit of disguising ideology as expertise has created a deficit of legitimacy.