...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.

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.

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

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

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.

And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.

Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.