If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.

It’s not about the budget; it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining government of the people by the people should hope that it doesn’t.

The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains for ordinary working Americans. And now it looks as if it never will.

And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.

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.

If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.

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