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.

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

Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.

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

A message to progressives: By all means, hang Senator Joe Lieberman in effigy.

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