In our country, learned ignorance is on the rise.

If you're doing your job right, some substantial group of people [is] going to be mad at you.

The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.

Politics determines who has the power, not who has the truth.

For most Americans, economic growth is a spectator sport.

I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.