A bet is a tax on bullshit; and it is a just tax, tribute paid by the bullshitters to those with genuine knowledge.

If China and India were as rich as the United States is today, the market for cancer drugs would be eight times larger than it is now.

It seems to me that the price of eternal vigilance is liberty.

The only way to thrive is to innovate. It's that simple.

Our obsessive focus on college schooling has blinded us to basic truths. College is a place, not a magic formula. It matters what subjects students study, and subsidies should focus on the subjects that matter the most - not to the students, but to everyone else.

Democracy is an experimental system. I like it when states try out new ideas. I think we ought to expand, not contract, our federalist system.

College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don't help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for subsidies that do nothing to encourage innovation and economic growth.