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.

For most Americans, economic growth is a spectator sport.

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.

If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.

Social Security is a social insurance program - it is not designed to be the same thing as a 401(k).

If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.

Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.