The lesson about food is that the most predictable and the most orderly outcomes are always not the … - Tyler Cowen

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The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

Tyler Cowen

The lesson about food is that the most predictable and the most orderly outcomes are always not the best. They are just easier to describe. Fads are orderly. Food carts and fires aren't. Feeding the world could be a delicious mess, full of diverse flavors and sometimes good old-fashioned smoke.

Easier, Fire, Flavor, Food, Predictable, World

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

Diversity, Ideas, Influences, Real, Results, Single

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.

Art, Believe, Book, Subsample, Think, Time

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.

Assume, Believe, Believes, Opinion, Real, Thinking

The more information that's out there, the greater the returns to just being willing to sit down and apply yourself. Information isn't what's scarce; it's the willingness to do something with it.

Down, Down And, Information, Return, Scarce

Apart from the seemingly magical Internet, life in broad material terms isn't so different from what it was in 1953. . . The wonders portrayed in 'The Jetsons,' the space-age television cartoon from the 1960s, have not come to pass. . . Life is better and we have more stuff, but the pace of change has slowed down.

1953, Cartoon, Pass, Space, Technology, Wonders