I sometimes call Donald Trump the placebo president. He will talk a big game, but for domestic policy I think change remarkably little.

If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

I sometimes call Donald Trump the placebo president. He will talk a big game, but for domestic policy I think change remarkably little.

Economics is sometimes associated with the study and defense of selfishness and material inequality, but it has an egalitarian and civil libertarian core that should be celebrated.

We need to accept the principle that sometimes poor people will die just because they are poor.

My view of the internet is that it is way overrated in what it’s done to date but considerably underrated in what it will do.

In most of the world, breakfast is an important meal.