In most of the world, breakfast is an important meal.

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.

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.

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.

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.

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

Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.