“We don’t know how to get out of this malaise and I think we now have to consider more radical policies.”

If we don’t constrain them, and the fact that credit is primarily created to fund the purchase of urban real estate and land, which is somewhat fixed in supply.

All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.

Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.

In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.

This isn’t a stable system.

We’re not where we should be in terms of our national economies.

If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you’re going to have a problem.

In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.

In absolute terms, we may have to look at restricting the number of flights people take.

The richer people, when they get another $100,000, or another million, or 10 million, don’t tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000.

The capitalist system is not delivering those decade-after-decade increases it promised.

Instability mostly comes from the interface between the fact that the banks (or shadow banks) can create credit, money, and purchasing power in infinite quantities

We need to move beyond the demonisation of overpaid traders

The probability that we face global warming caused by fossil fuels is now so overwhelming that it is legitimate to doubt the motives of those who deny it

Presidents in both parties – from John F. Kennedy to Ronald Reagan – have known that our free-enterprise economy is the source of our middle-class prosperity.

Labour want to control all parts of the economy and society so that they can pursue the politics of envy. It would leave us all paying higher taxes and the economy in tatters.

Of all recent presidents, Clinton was expected to behave the most sensibly in economic matters. He understood how the economy works. But because he had used various dodges to stay out of the Vietnam War, he came to office ill at ease with the military.

A strong economy depends on a strong middle class, but George Bush has put the middle class in a hole, and John McCain has a plan to keep digging that hole with George Bush’s shovel.

Green’ issues at last are attracting serious attention, owing to critically important links between the environment and the economy, health, and our security.

Think what evil creeps liberals would be if their plans to enfeeble the individual, exhaust the economy, impede the rule of law, and cripple national defense were guided by a coherent ideology instead of smug ignorance.

The Communist bloc of old was a study in the failure of failure. Losers in the Soviet economy were the people at the end of the long lines for consumer goods. Worse losers were the people who had spent hours getting to the head of the line, only to be told that the goods were unavailable.

And in the United States with the squeeze on discretionary income and credit that even as the economy comes back there’s probably more of a chance than not that it’ll be a slower recovery on auto sales.