In Our Country, Learned Ignorance Is On

It Should Be Possible To Emphasize To Students That The Level Of Employment Is A Macroeconomic Issue, Depending In The Short Run On Aggregate Demand And Depending In The Long Run On The Natural Rate Of Unemployment, With Microeconomic Policies Like Tariffs Having Little Net Effect. Trade Policy Should Be Debated In Terms Of Its Impact On Efficiency, Not In Terms Of Phoney Numbers About Jobs Created Or Lost.

The Fact Is That The Two Years Or So After 9/11 Were A Terrible Time In America – A Time Of Political Exploitation And Intimidation, Culminating In The Deliberate Misleading Of The Nation Into The Invasion Of Iraq. It’s Probably Worth Pointing Out That I’m Not Saying Anything Now That I Wasn’t Saying In Real Time Back Then, When Bush Had A Sky-high Approval Rating And Any Criticism Was Denounced As Treason. And There’s Nothing I’ve Done In My Life Of Which I’m More Proud.

When Stock Prices Are Rising, It's Called ''momentum Investing''; When They Are Falling, It's Called ''panic.''

I'm Especially Baffled By The Idea Of Taking Insurance Against A U.s. Default. If America Defaults, We're Talking About A Chaotic World - Mad Max, More Or Less - In Which Case, Who Imagines That Insurance Claims Will Be Honored?

The Important Thing To Understand Is That The Case For Pollution Control Isn't Based On Some Kind Of Aesthetic Distaste For Industrial Society. Pollution Does Real, Measurable Damage, Especially To Human Health.