Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.

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.

The goal in the end is not to win elections. The goal is to change society.

I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.

The party of ideas has become the party of Beavis and Butthead.

The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.

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