The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.
In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
Like a baseball game, wars are not over till they are over. Wars don't run on a clock like football. No previous generation was so hopelessly unrealistic that this had to be explained to them.
Central banks need to be able to buy bonds if there are short-term malfunctions of the markets. But buying bonds without differentiation and without limits would be very problematic.
It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century.
But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.
An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.
So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.
What is true of Mr. Mill's influence on the women's-suffrage question is true also of the other political movements in which he took an active interest.
It is almost impossible to imagine that any one could be so insensible to the high morality of Mr. Mill's character as to suggest to him any course of conduct that was not entirely upright and consistent.
As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.
Pressed by the Obama administration and consumers, Kraft, Nestle, Pepsi, Campbell and General Mills, among others, have begun to trim the loads of salt, sugar and fat in many products.
A Democratic president should propose a major permanent tax reduction on the middle class and working class. I suspect most of the public would find this attractive.
More people are killed by stray bullets every day in America than have been killed by Ebola here. More are dying because of poverty and hunger.
To cut 1930s jobless, FDR taxed corps and rich. Govt used money to hire many millions. Worked then; would now again. Why no debate on that?
The U.S. Constitution was meant to be universal, not just something that only America would observe. The principle of defending liberty for all people ideally should apply everywhere in the world.
In the early 1980s, I wrote a book called 'The Complete Guide to Financial Privacy.' If I would write that book today, it would be a pamphlet. There is precious little privacy left.
Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process.
I understand Twitter has become popular among politicians. This technology allows them to stay in perpetual contact with their constituents. The electorate now has instant information about what politicians have been up to.
I begin every novel with the vow that I will not write about technology, Catholicism, or Hell. As you know, I end up writing about all three. They just happen to be personal obsessions of mine.
Over the last few years, the world has become a smaller and more integrated place with technology that is leveling the playing field like never before.
