“Thirty years ago, many economists argued that inflation was a kind of ...” — Martin Feldstein Quote

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.

But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion.

The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.

The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.

Soon after the 1997 election, I argued that there was no inverse law of political gravity which said that everything which went down had to come back up.

Skynyrd is a big family. We have argued, fussed, and fought.

Many of my fellow atheists consider all talk of 'spirituality' or 'mysticism' to be synonymous with mental illness, conscious fraud, or self-deception. I have argued elsewhere that this is a problem - because millions of people have had experiences for which 'spiritual' and 'mystical' seem the only terms available.

It could be - and it has been argued, in my view rather plausibly, though neuroscientists don't like it - that neuroscience for the last couple hundred years has been on the wrong track.