Not all private equity people are evil. Only some.

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

The Obama campaign seems dangerously close to becoming a cult of personality.

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.

The French, unfortunately, actually believe what they say, and that has been very destructive.

You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

There are no atheists in foxholes and there are no libertarians in financial crises.