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

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.

If companies tell us more, insider trading will be worth less.

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

You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.

In practice, downsizing is too often about cutting your work force while keeping your business the same, and doing so not by investments in productivity-enhancing technology, but by making people pull 80-hour weeks and bringing in temps to fill the gap.

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.