Occupation: Economist Birth: February 28, 1953
The habit of disguising ideology as expertise has created a deficit of legitimacy..
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 ….
Economists don't usually make good speculators, because they think too much..
Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be ….
What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided a fiscal stimulus adequ….
We're living in a Dark Age of macroeconomics. Remember, what defined the Dark Ages wasn’t the fact that they were primitive — the Bronze Age was prim….
By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another cr….
The raw fact is that every successful example of economic development this past century ... has taken place via globalization..
I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men..
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….
I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternativ….
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….
Congress has always had a soft spot for "experts" who tell members what they want to hear, whether it's supply-side economists declaring that tax cut….
[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governm….
And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away th….
If you can create even the illusion of high profitability for a few years, then when the thing collapses you can walk out of the wreckage a very rich….
Politics determines who has the power, not who has the truth..
Evidence and expertise have a well-known liberal bias..
When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, ….
Economics is not a morality play..
The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't lookin….