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.

I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.

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

I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society.

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.

The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.

Can we break the machine that is imposing right-wing radicalism on the United States? The scariest part is that the media is part of that machine.