Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.

Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.

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.

[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.

Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups.