The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.

You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

The science fiction world has a lot of people doing seriously imaginative thinking.

The goal, in the end, is not to win elections. The goal is to change society.

Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD.

As I've often said, you can shop online and find whatever you're looking for, but bookstores are where you find what you weren't looking for.

For most Americans, economic growth is a spectator sport.

Economists don't usually make good speculators, because they think too much.

If you're doing your job right, some substantial group of people [is] going to be mad at you.

Economics is not a morality play.

Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.

The raw fact is that every successful example of economic development this past century ... has taken place via globalization.

Simple doesn't mean stupid. Thinking that it does, does.

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.

If you want to understand opposition to climate action, follow the money.

We should try to create the society each of us would want if we didn't know in advance who we'd be.