Companies often become victims of their own mythologies.

One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.

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.

Companies often become victims of their own mythologies.

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

Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.

Of course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.