The more information that's out there, the greater the returns to just being willing to sit down and apply yourself. Information isn't what's scarce; it's the willingness to do something with it.
Tyler CowenIf one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.
Tyler CowenThe right wing will be identified with the monied class, even when the left often has more money. And the left wing will be identified as the whiners, even though the right at times whines as much or more. You might say that both sides are monied, high human capital whiners, on the whole.
Tyler CowenBeethoven and Michelangelo, who sold their artworks for profit, were entrepreneurs and capitalists.
Tyler Cowen