I Really Think That People Have To

If You Want A Simple Model For Predicting The Unemployment Rate In The United States Over The Next Few Years, Here It Is: It Will Be What Greenspan Wants It To Be, Plus Or Minus A Random Error Reflecting The Fact That He Is Not Quite God.

I've Always Believed In Expansionary Monetary Policy And If Necessary Fiscal Policy When The Economy Is Depressed.

The Obama Campaign Seems Dangerously Close To Becoming A Cult Of Personality.

...academic Credentials Are Neither A Necessary Nor A Sufficient Condition For Having Your Ideas Taken Seriously. If A Famous Professor Repeatedly Says Stupid Things, Then Tries To Claim He Never Said Them, There's No Rule Against Calling Him A Mendacious Idiot - And No Special Qualifications Required To Make That Pronouncement Other Than Doing Your Own Homework.conversely, If Someone Without Formal Credentials Consistently Makes Trenchant, Insightful Observations, He Or She Has Earned The Right To Be Taken Seriously, Regardless Of Background.

Raising The Minimum Wage And Lowering The Barriers To Union Organization Would Carry A Trade-off - Higher Unemployment. A Better Idea Is To Have The Government Subsidize Low-wage Employment. The Earned-income Tax Credit For Low-income Workers - Which Has Been The Object Of Proposed Cuts By Both President Clinton And Congressional Republicans - Has Been A Positive Step In This Direction.