Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.

Life is a tightrope between two errors: generalizing the wrong particular and particularizing the wrong general.

People work out, they stress their body, and their body gets stronger from stress.

At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.

Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.

To succeed in life requires a total inability to do anything that makes you uncomfortable when you look at yourself in the mirror.

For many people, commuting is the worst part of the day, and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering.