Occupation: Economist Birth: February 28, 1953
[I]f you look at United States history since World War II, you find that of the 10 presidents who preceded Barack Obama, seven left office with a deb….
[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….
I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age..
Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933..
Anyone who thinks that the last 80 years, ever since FDR took us off gold, have been a doomed venture, that strikes me as kind of cranky..
So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day - maybe even a bit worse than e….
When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''.
Can we break the machine that is imposing right-wing radicalism on the United States? The scariest part is that the media is part of that machine..
I know that when I look at today’s Mexicans and Central Americans, they seem to me fundamentally the same as my grandparents seeking a better life in….
The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control….
I admit it: I had fun watching right-wingers go wild as health reform finally became law..
Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful..
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound fin….
There are no atheists in foxholes and there are no libertarians in financial crises..
I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society..
...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility..
Bad ideas flourish because they are in the interest of powerful groups..
Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for….
I don't want a job in the administration; I think I'm more effective carping from the sidelines..
Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the….
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time..