ALAN S. BLINDER

Despite all the political sound and fury, little service-sector offshoring has happened to date. But it may eventually amount to a third Industrial Revolution, and industrial revolutions have a way of transforming societies.

The Industrial Revolution did not spell the end of agriculture, or even the end of food production, in the United States. It just meant that a much smaller percentage of Americans had to work on farms to feed the population.

There is a large change coming in the jobs of America and competition from abroad. We should prepare for it rather than let history overwhelm us.

Transformation in the nature of work tend to brings wrenching social changes in their wake.

The financial system is drifting back to business as usual a bit to quickly …. We are starting to see risky behavior of the sort that people were scared of after the crises

Free trade is good for all countries but not necessarily good for all peoples in all countries.

... the Social Security trust fund is not spare money; it is spoken for.

If you call anything “big government”, Americans will be against it reflexively.

Growth is good for this society as long as it doesn't pass the point of tripping off inflation.

The world is interconnected and causations run in many directions at once.

There is a large change coming in the jobs of America and competition from abroad. We should prepare for it rather than let history overwhelm us.

Transformation in the nature of work tend to brings wrenching social changes in their wake.

Despite all the political sound and fury, little service-sector offshoring has happened to date. But it may eventually amount to a third Industrial Revolution, and industrial revolutions have a way of transforming societies.

Countries trade with one another for the same reasons that individuals, businesses, and regions do: to exploit their comparative advantages.

The Industrial Revolution did not spell the end of agriculture, or even the end of food production, in the United States. It just meant that a much smaller percentage of Americans had to work on farms to feed the population.

Growth is good for this society as long as it doesn't pass the point of tripping off inflation.

... the Social Security trust fund is not spare money; it is spoken for.

The older I get, the less respect I have for the signals emitted by our vaunted speculative markets.

The world is interconnected and causations run in many directions at once.

We give lip service to the importance of deficit reduction, but Americans oppose every single thing that you might do to reduce the deficit.

You can count on the fingers of one hand, and you don’t need all of them, the number of people who went to jail for the Meltdown of 2008. This is in stark contrast to the Savings and Loan Scandal where 750 miscreants went to jail.

If you call anything “big government”, Americans will be against it reflexively.

The financial system is drifting back to business as usual a bit to quickly …. We are starting to see risky behavior of the sort that people were scared of after the crises

Free trade is good for all countries but not necessarily good for all peoples in all countries.