Technological innovation has dramatically lowered the cost of computing, making it possible for large numbers of consumers to own powerful new technologies at reasonably low prices.

The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.

I think there is clearly a connection between free time and procrastination. The more you have of the former, all things being equal, the more likely you are to procrastinate.

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

What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.

Real politics is messy and morally ambiguous and doesn't make for a compelling thriller.

The problem is that groups are only smart when the people in them are as independent as possible. This is the paradox of the wisdom of crowds.