Occupation: Economist Birth: February 28, 1953
There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with ….
The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that goo….
If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a socio….
If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much..
Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (th….
This is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics..
If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really in….
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly..
Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing..
Social Security is a social insurance program - it is not designed to be the same thing as a 401(k)..
I don't think I've had any great success in predicting politics or social change, nor have I really tried..
The science fiction world has a lot of people doing seriously imaginative thinking..
I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction..
Coming up with a good idea, with an insight into the way the world works that is really new and that you really believe in, is a deeply satisfying ex….
Now, it’s true that some of the protesters are oddly dressed or have silly-sounding slogans, which is inevitable given the open character of the even….
[I]n America, at least, we have a pretty good record for behaving in a fiscally responsible fashion, with one exception - namely, the fiscal irrespon….
The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rat….
You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation..
I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men..
Politics determines who has the power, not who has the truth..
If you're doing your job right, some substantial group of people [is] going to be mad at you..