In the '90s it was irrational exuberance. Now it may be irrational doom and gloom.

The liberal ideal is that everyone should have fair access and fair opportunity. This is not equality fo result. Its equality of opportunity. There's a fundamental difference.

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

I think that in politics, when people want to discredit a particular position, they say, "Oh, they are liberals," or "They are conservatives; we are centrists." Everybody wants to be a centrist.

You can't inspire people if you are going to be uninspiring.

Liberals are concerned about the concentration of wealth because it almost inevitably leads to a concentration of power that undermines democracy.

Regardless of how you interpret the facts, you have to come to the conclusion that inequality is widening in the US and in almost every other country.