Friedrich Hayek Is Not An Important Figure

Social Security Is A Social Insurance Program - It Is Not Designed To Be The Same Thing As A 401(k).

To The Extent That Sacrifices Need To Be Made, Shouldn't The People Who've Made Out Like Bandits This Past Generation Be First In Line? The Problem With Getting Out Of The Slump Is That We Need To Spend More. It's Not That Somebody Needs To Spend Less. We Have Idle Workers Who Have The Skills And The Willingness To Work. We Have Idle Factories. Dealing With This Is Not About Saying Somebody Needs To Suffer. It's Saying That We Need To Be Prepared To Open The Taps.

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

If We Discovered That, You Know, Space Aliens Were Planning To Attack And We Needed A Massive Buildup To Counter The Space Alien Threat And Really Inflation And Budget Deficits Took Secondary Place To That, This Slump Would Be Over In 18 Months. ... There Was A Twilight Zone Episode Like This In Which Scientists Fake An Alien Threat In Order To Achieve World Peace. Well, This Time, We Don't Need It, We Need It In Order To Get Some Fiscal Stimulus.

Obama Is Very Much An Establishment Sort Of Guy. The Whole Image Of Him As A Transcendent Figure Was Based On Style Rather Than Substance. If You Actually Looked At What He Said, Not How He Said It, He Said Very Establishment Things. He's A Moderate, Cautious, Ameliorative Guy. He Tends To Gravitate Toward Beltway Conventional Wisdom.