Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.

If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.

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

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

Obsessed by a fairy tale, we spend our lives searching for a magic door and a lost kingdom of peace.

Take a moment every day to find peace. Pull over to the side of the road, turn off the radio, and find peace.

The Amazons were notorious for their freedom: their sexual freedom, their freedom to hunt, to be outdoors, to go to war; and the Greeks, both men and women alike, were fascinated by these stories. Maybe it was a safe way to explore the idea of women who could be equals of men.

Here's a notion: Peace in the Middle East would come about more easily if the region were governed by women.