Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.

Tax increases appear to have a very large sustained and highly significant negative impact on output.

Climate change and dependence on foreign oil are problems that won't go away on their own. Tabling plans to deal with them doesn't make it easier for companies to plan and invest; it makes it harder.

A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

What I desire to point out is that I wish the law was not so, but that being the law, I must follow it.

Making labor less expensive helps firms hire people.

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.

Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.

Fewer people working means permanently lower tax revenues.

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

The future you build for yourself is only as limited as your imagination and a undisciplined goal orientated mind.

I think I'm commercial underground. I'm not commercial in the way that people consider 'pop, ' but I'm not underground in the way that people consider that. either. I am just a cool guy.

Friction is the only concept that more or less corresponds to the factors that distinguish real war from war on paper.

The more wary you are of danger, the more likely you are to meet it.

The public library is the great equaliser.

Meanwhile spring arrived. My old dejection passed away and gave place to the unrest which spring brings with it, full of dreams and vague hopes and desires.

I have given God countless reasons not to love me. None of them has been strong enough to change Him.

We don't have rights until we claim them.

In what I like to call the Great Asymmetry, every spectacular incident of evil will be balanced by 10,000 acts of kindness, too often unnoted and invisible.