Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.

We should try to create the society each of us would want if we didn't know in advance who we'd be.

People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.

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

If you had to explain America's economic success with one word, that word would be "education".... Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board.... We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process.

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

Default is not in our stars, but in ourselves.