Sometimes even a smart crowd will make a mistake.

Workers who come to the U.S. see their wages and their standard of living boosted sharply simply by crossing the border. That's a good thing, and one of the best arguments for immigration reform, even if you'll rarely hear a politician make it.

The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

I tend to delay writing by doing more research - it's really the act of writing the piece that I have the hardest time with.

Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.

The business of America shouldn't be subsidizing business.

In order to work well, markets need a basic level of trust.