The Economic Expansion That Began In 2001,

Debt Is One Person's Liability, But Another Person's Asset.

Governments Do Not Necessarily Act In The National Interest, Especially When Making Detailed Microeconomic Interventions. Instead, They Are Influenced By Interest Group Pressures. The Kinds Of Interventions That New Trade Theory Suggests Can Raise National Income Will Typically Raise The Welfare Of Small, Fortunate Groups By Large Amounts, While Imposing Costs On Larger, More Diffuse Groups.

Rising Inequality Isn’t About Who Has The Knowledge; It’s About Who Has The Power.

The Great Thing About Fiscal Policy Is That It Has A Direct Impact And Doesn't Require You To Bind The Hands Of Future Policymakers.

Our Grandfathers Lived In A World Of Largely Self-sufficient, Inward-looking National Economies - But Our Great-great Grandfathers Lived, As We Do, In A World Of Large-scale International Trade And Investment, A World Destroyed By Nationalism.