I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.

Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams.

It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.

The ability to focus attention on important things is a defining characteristic of intelligence.

Somehow, talking to young students brings you back to reality - it should, anyway.

Life's meaning heavily benefits from lifelong bonds.