You might think of consumption as a fairly passive activity, but buying new products and services is actually pretty risky, at least if you value your time and money.

If you thought the advent of the Internet, the spread of cheap and efficient information technology, and the growing fragmentation of the consumer market were all going to help smaller companies thrive at the expense of the slow-moving giants of the Fortune 500, apparently you were wrong.

Framing effects can be very influential, and to the degree that you can think of a task as close rather than distant, you're more likely to actually get it done.

The business of America shouldn't be subsidizing business.

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.

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.

A general principle of good taxation is that similar jobs, and similar kinds of compensation, should be taxed the same way: otherwise, the government is effectively subsidizing some jobs over others.