Evidence and expertise have a well-known liberal bias.

The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains for ordinary working Americans. And now it looks as if it never will.

Politics determines who has the power, not who has the truth.

There are no atheists in foxholes and there are no libertarians in financial crises.

Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.

Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment industry as a whole?

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