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

America's political landscape is infested with many zombie ideas - beliefs about policy that have been repeatedly refuted with evidence and analysis but refuse to die. The most prominent zombie is the insistence that low taxes on rich people are the key to prosperity.

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

Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.

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

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.