Not all private equity people are evil. Only some.

The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.

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.

Default is not in our stars, but in ourselves.

There's one thing that the Fed has been really good at cracking down on, and that's inflation.

I'm especially baffled by the idea of taking insurance against a U.S. default. If America defaults, we're talking about a chaotic world - Mad Max, more or less - in which case, who imagines that insurance claims will be honored?

Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand.