The U.S. is excellent at importing cheap products from the rest of the world. Let's try importing some human capital instead.

Being out of a job can erode people's confidence and their sense of possibility; and employers, often unfairly, tend to take long-term unemployment as a signal that something is wrong.

I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.

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.

In a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.

The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other. Independence doesn't imply rationality or impartiality, though. You can be biased and irrational, but as long as you're independent, you won't make the group any dumber.

The business of America shouldn't be subsidizing business.