To get a person's real opinion, ask what she thinks everyone else believes... If people truly hold a particular belief, they are more likely to think that others agree or have had similar experiences. [People] tend to assume that other people have had life histories at least somewhat similar to their own. When we talk about other people, we are often talking about ourselves, whether we know it ourselves.

I sometimes call Donald Trump the placebo president. He will talk a big game, but for domestic policy I think change remarkably little.

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

The hours from 7 to 12 are your time to build for the future before the world descends on you.

Here's the positive scenario: that something has been going wrong in American society. You see it in wage growth, opioid abuse, many other social indicators, as you know. Sometimes it's better to get the bad reaction to that over with quickly while your civil society still is strong and you can react and respond and protest, and you know, four or eight years from now, make another decision, and maybe it's better to have that happen in 2017 than 20 years later when some of our problems are worse and our national mood is worse.

To get a person's real opinion, ask what she thinks everyone else believes... If people truly hold a particular belief, they are more likely to think that others agree or have had similar experiences. [People] tend to assume that other people have had life histories at least somewhat similar to their own. When we talk about other people, we are often talking about ourselves, whether we know it ourselves.

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.