We Know That Advanced Economies With Stable

What The Depression Teaches Us Is That When The Economy Is So Depressed That Even A Zero Interest Rate Isn't Low Enough, You Have To Put Conventional Notions Of Prudence And Sound Policy Aside.

I Don't Think I've Had Any Great Success In Predicting Politics Or Social Change, Nor Have I Really Tried.

[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 It Not For His Politics, He Would Be Virtually Forgotten.

Generous Unemployment Benefits Can Increase Both Structural And Frictional Unemployment. So Government Policies Intended To Help Workers Can Have The Undesirable Side Effect Of Raising The Natural Rate Of Unemployment.

I Admit It: I Had Fun Watching Right-wingers Go Wild As Health Reform Finally Became Law.