Developing countries often have hypertrophied bureaucracies, requiring businesses to deal with enormous amounts of red tape.

Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.

In conditions of uncertainty, humans, like other animals, herd together for protection.

A long-term crisis, after a certain point, no longer seems like a crisis. It seems like the way things are.

Addictive behavior is kind of the inverse of procrastination: procrastination is about not being able to do what you want to do, addiction about not being able to not do what you don't want to do (drink, use drugs, etc.)

Instead of mindlessly tossing billions at or taking billions from the Net as such, investors should be spending their time making sure that it's the future Fords and General Motors of cyberspace that are getting the capital they need.

All things being equal, letting people make decisions for themselves will produce smarter outcomes, collectively, than relying on government planners.