The United States In Particular And The

As An Economics Professor I Am By Nature Inclined To The View That The Truth Isn't Out There, It's In Here - That Usually You Learn A Lot More By Thinking Really Hard About The Data Than You Do By Sniffing Around For Supposedly Inside Information.

You Really Have To Go Searching Desperately To Find Any Contemporary Examples Of Good, Old-fashioned Runaway Inflation.

Wealthy Individuals Bought Themselves A Radical Right Party, Believing - Correctly - That It Would Cut Their Taxes And Remove Regulations, But Failed To Realize That Eventually The Craziness Would Take On A Life Of Its Own, And That The Monster They Created Would Turn On Its Creators As Well As The Little People.

We Know That Advanced Economies With Stable Governments That Borrow In Their Own Currency Are Capable Of Running Up Very High Levels Of Debt Without Crisis.

The Fact Is That The Two Years Or So After 9/11 Were A Terrible Time In America – A Time Of Political Exploitation And Intimidation, Culminating In The Deliberate Misleading Of The Nation Into The Invasion Of Iraq. It’s Probably Worth Pointing Out That I’m Not Saying Anything Now That I Wasn’t Saying In Real Time Back Then, When Bush Had A Sky-high Approval Rating And Any Criticism Was Denounced As Treason. And There’s Nothing I’ve Done In My Life Of Which I’m More Proud.