The Ledger, every show

“The idea that it's high, but you don't have any dignity, or, you know, we give you a check to replace lost income because you've been displaced, say, by technology, that that's just as good is probably not true. Probably not just as good, even though, I mean, …”

“I think it's bizarre how capitalism bears the burden of human nature. So people say, oh, the capitalism, that, I mean, that, the system is based on greed. And this is a Milton Friedman thing. He'd say, oh, as opposed to what system doesn't have greed, greedy p…”

“And my view is, no, it's not. It often is. I'm very pro-information. I like data. I like evidence. But there is evidence that's not data. That's very hard for people in 2019 to remember. There are things we understand about the world that don't come from a sur…”

“There's very little academic research that changes people's minds, right? People don't go, oh, oh, you did a study of the minimum wage. I've always been against it, but now I guess I'm for it, or vice versa. Yeah. I've always loved the minimum wage. I guess th…”

“I think it's a bad teacher and a bad economist who says, well, trade creates net benefits, so therefore it's good for the country.”

“The biggest benefits from trade take place over longish periods of time. The opportunity for the next generation to come along and use its skills well, but it can be hard on this generation.”

“And the Bureau of Labor Statistics isn't particularly good at adjusting for it.”

“We're going to get autonomous cars in the United States if the technology works out. I don't think the political power of the taxi cab industry is going to stop it, just like I don't think the hotels can stop Airbnb.”

“Anything you create, the mark you make on the world that you want your parents to see, is way beyond, I think, the monetary part of it.”

“In a business, it's also useful because there are problems That your culture can solve. There are problems. There are things you can outsource.”

“A book is, a lecture is a monologue. A conversation replicates maybe your own thinking processes and makes it more likely that the lesson will go in.”

“Man naturally desires not only to be loved, but to be lovely, and by love, Smith didn't just mean romantic, he meant respect and honor, et cetera, and lovely, he meant worthy of honor, worthy of respect. Think about, thinking about that as an aspect of a centr…”

“The stock market doesn't feel that way. The stock market includes many people who bought it recently who didn't get to enjoy those romantic idealistic times. They expect future growth. And that's a treadmill. That's the hamster wheel that, you know, I think ma…”

“Very few people have the self-awareness to say, I'm not the right person for the job at this point. And the reason, what I'm suggesting here, this long rambling Set of thoughts on startups, children, and writing is the emotional part of that ownership is so fa…”

“The reason I love it so much is that I think we all have a desire to be part of something larger than ourselves, something that's transcendent. In history, that's typically been religion, but it's not the only thing. It's not even close. For some people, it's …”

“One of the impacts of the autonomous car introduction is a dramatic reduction in the cost of getting from here to there. So if you think about a current cab ride or Uber has a huge labor component, and it also has an insurance component, but the cost of gettin…”

“It's easy to see the first round direct effects. The harder thing to see is the indirect effects, and that's what economics, when it's well taught, should sensitize you that way.”