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.

Conservatives have long argued, correctly, that 'fine-tuning' the economy is a chimera, but that argument seems to have disappeared from the conservative handbook.

Patents are like fertilizer. Applied wisely and sparingly, they can increase growth. But if you apply too many chemicals, or make patents too strong, then you can leach the land, making growth more difficult.

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.

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

A lot of people say that India has been held back by its democracy. But lets remember that, despite being a poor country, Indias democracy meant that its government never let millions of people starve.

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.