"The Broader interpretation that often seems to underlie the new economy label is that we are witnessing a more fundamental change in the paradigm. The old rules no longer apply. Throw out the NAIRU. Heck, throw out supply and demand. No limits, no business cycles."

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I can't help but react to the painful realities of the two-tiered society we live in, where the signs of poverty and inequity are everywhere. Almost twenty five percent of our children live at or below the poverty line. We expect the no-option life cycle of the poor to be interrupted by the weak social safety net and then wonder why building more jails doesn't solve the problems.

— Peter Yarrow