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One of the frequent blind spots for economic libertarians, speaking as one who has personally dealt with this log in the eye, is a tendency to allow principles of how economies work and the beauty of trade to make us ignore perceived threats animating people who value more than just the power to buy and sell. ”
When I started researching the eco effects of eating meat, I'd assumed, for no good reason, that environmental irresponsibility would correspond to both animal size and deliciousness: Eating cows would be worst, eating pigs would be a bit less bad, and eating chickens would be basically harmless. ”
True atonement isn't the periodic shaving of karmic stubble via confessional; it requires deep, truthful change. It means doing the hardest thing of all: not making the same stupid mistake again. ”
We need to find ways to elevate the expectations, particularly of those individuals who may start off on a lower socioeconomic rung, who might be seen as disadvantaged. But, you know, the reason I say be seen as disadvantaged, it's because life is so short, and there's so much that can change. ”
Nobody is starving on the streets. We've always taken care of them. We take care of our own; we always have. It is not the government's responsibility. ”
Quite frankly, having an uninformed populace works extremely well, particularly when you have a media that doesn't understand its responsibility and feels more like it's an arm of a political party. They can really take advantage of an uninformed populace. ”
I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess. ”
Imperfect substitutability of assets implies that changes in the supplies of various assets available to private investors may affect the prices and yields of those assets. ”
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change. ”
I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour. ”