When I was operating as one of President Reagan's economic advisers, an early assignment was to analyze the federal government's landholdings and make recommendations about what to do with them. This was a big job. These lands are vast, covering an area six times that of France.

Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building?

In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100.

It turns out that the rich are much better placed to feed at the public trough. The poor get crumbs.

The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets.

There are some outcomes in finance we don't want, and government should regulate that.

Creating a Financial Transactions Tax would go a long way to curbing short-term speculative trading, including high-frequency trading.

Money can't buy you happiness but it does bring you a more pleasant form of misery.