If President Clinton has his way, we will have a false debate in the 1996 election campaign. It will not engage real political choices - choices framed by our appetite for government services and our distaste for taxes - but rather artificial choices crafted by Clinton to advance his reelection. Clinton has clearly been using the budget as an election platform...I dislike using the word 'lies,' but Clinton exploits such forbearance (widespread in the press) to spread untruths.

One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.

If President Clinton has his way, we will have a false debate in the 1996 election campaign. It will not engage real political choices - choices framed by our appetite for government services and our distaste for taxes - but rather artificial choices crafted by Clinton to advance his reelection. Clinton has clearly been using the budget as an election platform...I dislike using the word 'lies,' but Clinton exploits such forbearance (widespread in the press) to spread untruths.

Probably the only people left who think that economics deserves a Nobel Prize are economists. It confirms their conceit that they're doing 'science' rather than the less tidy task of observing the world and trying to make sense of it. This, after all, is done by mere historians, political scientists, anthropologists, sociologists, and (heaven forbid) even journalists. Economists are loath to admit that they belong in such raffish company.

We have arrived at socialized medicine in America. I do not report this as either a good or bad event but simply as something that has happened with hardly anyone realizing it. This is the first result - and probably the most important - of the national health care debate launched last week by President Clinton. Our politics and economy will never again be the same.

I believe we should build a wall - it might or might not slow immigration but it's worth a try and certainly that would provide political cover for the right when they compromise on other approaches to immigration. On the other hand, I believe there should be a path to citizenship for people who have been law-abiding except for having coming to the U.S. illegally.

In politics, there's a fine line between too much conviction and too little.