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Reading. I know it's not a very active activity, but it is in my head.

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Steven Levitt

In the United States especially, politics and economics don’t mix well. Politicians have all sorts of reasons to pass all sorts of laws that, as well-meaning as they may be, fail to account for the way real people respond to real-world incentives.

Law, People, Real, Reasons, Sorts, Way
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The conventional wisdom is often wrong.

Conventional, Conventional Wisdom, Wisdom, Wrong

Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.

Doe, People, Wheareas, Work, World

An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation

Astonishing, Bullets, Incentive, Incentives, Keys, Tiny

When people don’t pay the true cost of something, they tend to consume it inefficiently.

Consume, Cost, Inefficiently, Pay, People, Tend

Solving a problem is hard enough; it gets that much harder if you’ve decided beforehand it can’t be done.

Decided, Done, Enough, Gets, Harder, Problem
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