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

Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.

The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.

On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment isn't O.K. just because it hasn't hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.

Democracy or breakdown in Syria would change the whole Middle East overnight.

Friedrich Hayek is not an important figure in the history of macroeconomics.