From the beginnings of modern monetary theory, in David Hume's marvelous essays of 1752, 'Of Money and Of Interest,' conclusions about the effect of changes in money have seemed to depend critically on the way in which the change is effected.

Monetary contractions are attractive as the key shocks in the 1929-1933 years, and in other severe depressions, because there do not seem to be any other candidates.

The observation that money changes induce output changes in the same direction receives confirmation in some data sets but is hard to see in others. Large-scale reductions in money growth can be associated with large-scale depressions or, if carried out in the form of a credible reform, with no depression at all.

My parents were admirers of President Roosevelt and the New Deal. Their parents and most of our relatives and neighbors were Republicans, so they were self-conscious in their liberalism and took it as emblematic of their ability to think for themselves.

And if you are a parent, introduce your children to their neighborhood library. It will give them a real sense of independence to have their own library card and enjoy borrowing books.

When I read the pilot 'for Married with Children', it just reminded me of my Uncle Joe... just a self-deprecating kind of guy. He'd come home from work, and the wife would maybe say 'I ran over the dog this morning in the driveway'. And he would say 'Fine, what's for dinner?

The simple answer is I'd just be a guy trying to feed my family, like everybody else. The complicated answer is, I think I'd be in some sort of military or government world of some sort.

Research is starting to show that a child should be engaged at least 20 hours a week. I do not think it matters which program you choose as long as it keeps the child actively engaged with the therapist, teacher, or parent for at least 20 hours a week.