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

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.

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 Truth is true testimony of God.

And woman should stand beside man as the comrade of his soul, not the servant of his body.

I grew up in Cambridge in England, and my love of mathematics dates from those early childhood days.

Why is it that the same people who have the least confidence in the police and the military are the most willing to allow only the police and the military to have guns?

If philanthropy is not voluntary, it destroys liberty and justice. The law can give nothing that has not first been taken from its owner.

The modern world is filled with men who hold dogmas so strongly that they do not even know they are dogmas.

Logical thinking keeps you from wasting time worrying, or hoping. It prevents disappointment. Imagination, on the other hand, only gets you hyped up over things that will never realistically happen.

In aesthetic theory it might be extremely difficult, if not quite impracticable, to draw a line between the canon of classicism, or regard for the archaic, and the canon of beauty.

I suppose in London they all drink from the same watering holes.

The river makes the water flow. That's how I live. I just let everything flow. Flow with the river.