Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.

The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

For most Americans, economic growth is a spectator sport.

Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.

I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.

The goal in the end is not to win elections. The goal is to change society.

[The US] budget is dominated by the retirement programs, Social Security and Medicare - loosely speaking, the post-cold-war federal government is a big pension fund that also happens to have an army.