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.

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.

One way in which Americans have always been exceptional has been in our support for education. First we took the lead in universal primary education; then the “high school movement” made us the first nation to embrace widespread secondary education.

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

...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.

For most Americans, economic growth is a spectator sport.

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