Food is a product of supply and demand, so try to figure out where the supplies are fresh, the suppliers are creative, and the demanders are informed.

Understanding economics can help you make better decisions and lead a happier life.

My view of the internet is that it is way overrated in what it’s done to date but considerably underrated in what it will do.

Beethoven and Michelangelo, who sold their artworks for profit, were entrepreneurs and capitalists.

Food is a product of supply and demand, so try to figure out where the supplies are fresh, the suppliers are creative, and the demanders are informed.

I'm not optimistic about reform in many, if any, policy areas at all. I think we'll make further progress by inventing new things that aren't much regulated yet and outracing bad policy. I look at so many policy areas - regulation, regulatory reform, health care reform - it's all failing, we're not making improvements, we're going backwards.

If 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.