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.

When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''

Friedrich Hayek is not an important figure in the history of macroeconomics.

You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

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

One way in which Americans have always been exceptional has been in our support for education. First we took the lead in universal primary education; then the “high school movement” made us the first nation to embrace widespread secondary education.

[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.