Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic innovation that has become not just popular but downright chic. The innovation - microfinance - involves making small loans to poor entrepreneurs, usually in developing countries.
James SurowieckiAll things being equal, letting people make decisions for themselves will produce smarter outcomes, collectively, than relying on government planners.
James SurowieckiCongressional Republicans themselves have vehemently defended the idea that preexisting conditions should not be used to deny people insurance.
James SurowieckiIf army ants are wandering around and they get lost, they start to follow a simple rule:Just do what the ant in front of you does. The ants eventually end up in a circle. There's this famous example of one that was 1,200 feet long and lasted for two days; the ants just kept marching around and around in a circle until they died.
James SurowieckiIf private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.
James Surowiecki