The raw fact is that every successful example of economic development this past century ... has taken place via globalization.

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

Not all private equity people are evil. Only some.

The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.

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.

These days, however, the main problem comes from the right - from conservatives who, unlike most economists, really do think that the free market is always right - to such an extent that they refuse to believe even the most overwhelming scientific evidence if it seems to suggest a justification for government action.

When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, it might be painful.