The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

In American politics, 'Europe' is usually a code word for 'big government.'

It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.

In confusing stock options with ownership, corporations confuse trappings with substance.

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.

On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.

I started in business journalism from the outside, so when I started writing about markets and business, I was struck by the fact that markets seemed to work well even though people are often irrational, lack good information and are not perfect in the way they think about decisions.