For most Americans, economic growth is a spectator sport.

Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.

So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day - maybe even a bit worse than expected, because it appears that volume has been much bigger than predicted. Here’s what you need to know: this is good, not bad, news for the program... Lots of people logging on and signing up on the very first day... is an early indication that it’s going to be fine, that plenty of people will sign up for the first year of health reform.

There's one thing that the Fed has been really good at cracking down on, and that's inflation.

Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.

Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and discriminate based on race; freedom to hold different ideas and express them, not so much.

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