Downsizing itself is an inevitable part of any creatively destructive economy.

What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining prices and profit margins, increasing competition, and lowered barriers to entry.

Corporate welfare isn't necessarily a bad thing.

Sometimes even a smart crowd will make a mistake.

The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.

Discussions of health care in the U.S. usually focus on insurance companies, but, whatever their problems, they're not the main driver of health-care inflation: providers are.

We assume that good-looking people are smarter and more effective than they really are, and that homely people are the reverse.