Innovation is like looking for pieces in a jigsaw puzzle. You have to find a lot of pieces that don't match to find the one or two pieces that match.
Economics is counterintuitive. It just is.
While it's a shame that more businessmen like Andy Puzder aren't helping to form America's economic policy, at least he's still on the field fighting the good fight.
As the news media eagerly report on polls showing that millennials increasingly reject capitalism, progressives energetically push the Democratic Party to the left.
What is the upside of inequality? I would say that it's a deep pool of properly trained, highly motivated talent that is endeavoring to create innovation that grows our knowledge-based economy.
Most citizens are consumers, not investors. They don't recognize the benefits to consumers that come from investment.
Talented people have a responsibility to get the training they need to be successful risk takers and go out there to take risks. What I see is surplus of talented people and a shortage of people willing to take the risks.
Art history and Elizabethan poetry don't employ workers; the arduous and tedious application of business sciences such as computer programming and accounting does.
When I look around, I see a world of unrealized opportunities for improvements, an abundance of talented people able to take the risks necessary to make improvements, but a shortage of people and investors willing to take those risks.
Because my business partner, Mitt Romney, was running for president when 'Unintended Consequences' was published, the media held up my book as a defense of the 1 percent.
High-skilled workers increasingly choose lucrative jobs that don't serve or supervise low-skilled workers. Low-skilled productivity and wage growth has lagged as a result.
What is competent? Who is it that can adjudicate what is competent or not competent? If the guys that are running the most important banks in our country aren't competent enough, well then, who is competent enough?
We have made a decision in our economy to lower taxes on successful risk-taking and have been very successful relative to Europe and Japan.