I was born too late to have any temptation with communism, or at least Soviet-type communism. Travelling in Eastern Europe and the ex-Soviet Union, you clearly don't want to defend a system that would have empty shops and a totalitarian regime and in...
And that's what innocence is. It's simple and trusting like a child, not judgmental and committed to one narrow point of view. If you are locked into a pattern of thinking and responding, your creativity gets blocked. You miss the freshness and magic...
No company can be expected to build a nuclear reactor, an oil well, a coal mine, or anything else that's one hundred percent safe under all circumstances. The costs would be prohibitive. It's unreasonable to expect corporations to totally guard again...
I thought I was going to write fiction but I fell backwards into non-fiction. It started when I got locked out of two apartments in one day and I told the story to some friends, one of whom worked in the 'Village Voice' and asked me to turn it into a...
People above the line of bare subsistence in this age, and in all earlier ages, do not use the surplus which society has given them primarily for useful purposes. They do not seek to expand their lives, to live more wisely, intelligently, understandi...
I began my career as an economics professor but became frustrated because the economic theories I taught in the classroom didn't have any meaning in the lives of poor people I saw all around me. I decided to turn away from the textbooks and discover ...
There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house...
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes ...
When Apple introduced its game-changing iPhone in 2007, Nokia was caught sleeping on the job. Although it had actually developed an iPhone-style device - complete with a color touchscreen, maps, online shopping, the lot - some seven years earlier. As...
We live increasingly in a world of haves and have-nots, of gated communities next to ghettos, of extreme poverty and unbelievable riches. Some enjoy rights that are completely denied to others. Relative inequalities are exploding, and the world's poo...
As an economist specializing in the global economy, international trade and debt, I have spent most of my career helping others make big decisions - prime ministers, presidents and chief executives - and so I'm all too aware of the risks and dangers ...
People are looking for certainty. The more complex the world becomes, the more people look for people to give them certainty and tell them what to do. During the past few years of actively thinking about this, there is one thing that I have accepted:...
It's possible that Generation Facebook, accustomed as it is to a whole range of experiences that it only imbibes online, doesn't have the same need for physical interaction in order to be creative as previous generations still do. It's possible that ...
Fraud is common when you give away billions. Fraud related to Hurricane Katrina spending is estimated to top $2 billion. In addition, debit cards provided to hurricane victims were used to pay for Caribbean vacations, NFL tickets, Dom Perignon champa...
Doubting what you see is a very odd experience. And doubting what you remember is a little less odd than doubting what you see. But it's also a pretty odd experience, because some memories come with a very compelling sense of truth about them, and th...
Human beings want to be free and however long they may agree to stay locked up, to stay oppressed, there will come a time when they say 'That's it.' Suddenly they find themselves doing something that they never would have thought they would be doing,...
You don't lock into a ten-year family budget. You take it a year at a time - maybe even six months at a time. And then if the income really comes in the way you hope it does, then you can make some of those expenditures that you've been waiting to ma...
I chose not to go home and struggle with the New York scene. My size sort of locked me out. I was too short for the stage. I would have been doing character roles, so I went to Los Angeles. There is a lot more happening out there. I also felt it was ...
One gets the impression that Elvis Presley does what his business advisors think will be most profitable. My advice to them: Put Elvis Presley in the studio with a bunch of good, contemporary rockers, lock the studio up, and tell him he can't come ou...
You can give your Social Security check to any organization, public or private, or to individuals. You can donate it to your favorite political party. You can give the funds to a student scholarship - for your grandchildren, for example - or to someb...
You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing pl...
