The planet will continue to cook.

Economics is not a morality play.

But where will the Fed find another bubble?

Default is not in our stars, but in ourselves.

In our country, learned ignorance is on the rise.

Not all private equity people are evil. Only some.

I think Stockman is an interesting sort of amalgam.

Evidence and expertise have a well-known liberal bias.

Simple doesn't mean stupid. Thinking that it does, does.

For most Americans, economic growth is a spectator sport.

Debt is one person's liability, but another person's asset.

Politics determines who has the power, not who has the truth.

The party of ideas has become the party of Beavis and Butthead.

The public has no idea that the deficit has been falling like a stone.

The federal government is basically an insurance company with an army.

Bad ideas flourish because they are in the interest of powerful groups.

If you want to understand opposition to climate action, follow the money.

The goal in the end is not to win elections. The goal is to change society.

Friedrich Hayek is not an important figure in the history of macroeconomics.

Economists don't usually make good speculators, because they think too much.

The Obama campaign seems dangerously close to becoming a cult of personality.

Democracy or breakdown in Syria would change the whole Middle East overnight.

A message to progressives: By all means, hang Senator Joe Lieberman in effigy.

The habit of disguising ideology as expertise has created a deficit of legitimacy.

Rising inequality isn’t about who has the knowledge; it’s about who has the power.

The science fiction world has a lot of people doing seriously imaginative thinking.

There are no atheists in foxholes and there are no libertarians in financial crises.

There's nothing magic about spending on tanks and bombs rather than roads and bridges.

I admit it: I had fun watching right-wingers go wild as health reform finally became law.

If you're doing your job right, some substantial group of people [is] going to be mad at you.

The French, unfortunately, actually believe what they say, and that has been very destructive.

There's one thing that the Fed has been really good at cracking down on, and that's inflation.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.

Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.

I don't want a job in the administration; I think I'm more effective carping from the sidelines.

We should try to create the society each of us would want if we didn't know in advance who we'd be.

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.

Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.

The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.

When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

This is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics.

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.

You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.

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.

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