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

Not all private equity people are evil. Only some.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

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

The public has no idea that the deficit has been falling like a stone.

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.

When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.