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

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.

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

Real cultural diversity results from the interchange of ideas, products, and influences, not from the insular development of a single national style.

Our time and attention is scarce. Art is not that important to us, no matter what we might like to believe... Our love of art is often quite temporary, dependent upon our moods, and our love of art is subservient to our demand for a positive self image. How we look at art should account for those imperfections and work around them. Keep in mind that books, like art museums, are not always geared to the desires of the reader. Maybe we think we are supposed to like tough books, but are we? Who says? Many writers (and art museums) produce for quite a small subsample of the... public.

People feel better because Donald Trump says all kinds of things no one else would say and we get certain tendencies out of our system. So if attacking immigrants, say, is a substitute for doing something worse, there's at least a scenario under which that's a better alternative than something else that might have happened.

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.