It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors are being irrational.

The party of ideas has become the party of Beavis and Butthead.

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

When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.

But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.

Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now.

The fact is that the two years or so after 9/11 were a terrible time in America – a time of political exploitation and intimidation, culminating in the deliberate misleading of the nation into the invasion of Iraq. It’s probably worth pointing out that I’m not saying anything now that I wasn’t saying in real time back then, when Bush had a sky-high approval rating and any criticism was denounced as treason. And there’s nothing I’ve done in my life of which I’m more proud.