Wealthy individuals bought themselves a radical right party, believing - correctly - that it would cut their taxes and remove regulations, but failed to realize that eventually the craziness would take on a life of its own, and that the monster they created would turn on its creators as well as the little people.

The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.

In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing bubble, the war, and - very much in third place - tax cuts.

Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the government subsidize low-wage employment. The earned-income tax credit for low-income workers - which has been the object of proposed cuts by both President Clinton and congressional Republicans - has been a positive step in this direction.

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

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.