What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.

I think Stockman is an interesting sort of amalgam.

Debt is one person's liability, but another person's asset.

Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

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.

Anyone who thinks that the last 80 years, ever since FDR took us off gold, have been a doomed venture, that strikes me as kind of cranky.

For most Americans, economic growth is a spectator sport.