Occupation: Economist Birth: February 28, 1953
In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic grow….
[I]f one asks what substantive contributions [F. A. Hayek] made to our understanding of how the world works, one is left at something of a loss. Were….
Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and sp….
To the extent that sacrifices need to be made, shouldn't the people who've made out like bandits this past generation be first in line? The problem w….
A message to progressives: By all means, hang Senator Joe Lieberman in effigy..
As I've often said, you can shop online and find whatever you're looking for, but bookstores are where you find what you weren't looking for..
There are no atheists in foxholes and there are no libertarians in financial crises..
[T]he next time you hear serious-sounding people explaining the need for fiscal austerity, try to parse their argument. Almost surely, you'll discove….
What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have to put conventional….
Obama is very much an establishment sort of guy. The whole image of him as a transcendent figure was based on style rather than substance. If you act….
We have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has l….
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without ….
...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility..
If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan w….
It has been obvious all along, to anyone paying attention, that the politicians shouting loudest about deficits are actually using deficit hysteria a….
Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and discriminate based on race; f….
The public has no idea that the deficit has been falling like a stone..
Where's that toxic rhetoric coming from? Let's not make a false pretense of balance: it's coming, overwhelmingly, from the right. It's hard to imagin….
Simple doesn't mean stupid. Thinking that it does, does..
The French, unfortunately, actually believe what they say, and that has been very destructive..
Economics is not a morality play..