Patrimonial capitalism's legacy is that many people see reform as a euphemism for corruption and self-dealing.

The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.

Traditionally, tours were a means of promoting a record. Today, the record promotes the tour.

The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other.

Addictive behavior is kind of the inverse of procrastination: procrastination is about not being able to do what you want to do, addiction about not being able to not do what you don't want to do (drink, use drugs, etc.)

The ban on sports betting does exactly what Prohibition did. It makes criminals rich.

A consumer-finance agency is a good thing, but it would do well to teach consumers a simple lesson: if you don't understand the deal you're making, don't make it.