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" Presidents always want to do nice, noble, long-run things, and Congress is less keen to do so. We've seen that throughout the history of this country. "
Tyler Cowen
Congress
Want
Country
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" France has not only built a bureaucratic barrier against American culture, it has constructed a notorious intellectual case against it as well. The French spend hundreds of millions of dollars subsidizing film production, extend interest-free loans to designated filmmakers, and have placed quotas not only on imports but on television time. "
Tyler Cowen
American
Time
Television
" Economics is sometimes associated with the study and defense of selfishness and material inequality, but it has an egalitarian and civil libertarian core that should be celebrated. "
Tyler Cowen
Sometimes
Study
Economics
" I'm not a vegetarian. But I think people who are vegetarians, they are actually more virtuous than the rest of us. I think they should be admired. "
Tyler Cowen
Rest
People
More
" After aircraft production, the entertainment industry is America's largest source of trade surplus. "
Tyler Cowen
Source
Trade
Entertainment
" If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your skills do not complement the computer, you may want to address that mismatch. Ever more people are starting to fall on one side of the divide or the other. That's why 'average is over.' "
Tyler Cowen
You
Skills
People
" In the early stages of negotiation software, on your smartphone, there may be programs that listen to the pitch of a voice, or that test for stress. You'll just ask the program, 'Was he lying? Was he eager to do business with me?' Maybe the computer will be right sixty per cent of the time. "
Tyler Cowen
Me
Business
Voice
" Buying from a local farmer can mean that he makes a two-hour extra truck drive, which can damage the environment more than a bunch of bananas on a boat. "
Tyler Cowen
Truck
Boat
Drive
" Everything will have a Yelp review. And if you're a worker, there will be like credit scores. There already are to some extent. How reliable are you? How many jobs have you had? Have there been lawsuits filed against you? How many traffic tickets? "
Tyler Cowen
You
Everything
Credit
" Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism. "
Tyler Cowen
Done
Hate
Love
" The way to make the world a better place, through your eating, is simply to eat a bit less meat. Local is sometimes good, sometimes bad. But even when it's good, its environmental impact is relatively small compared to other possible improvements. "
Tyler Cowen
Place
Environmental
Good
" For the very top earners, vision and inspiration are essential. You need those to become the next Steve Jobs, but perhaps not to be the highest paid dentist in Beverly Hills. "
Tyler Cowen
Inspiration
Need
Vision
" The 'low' quality of many American films, and of much American popular culture, induces many art lovers to support cultural protectionism. Few people wish to see the cultural diversity of the world disappear under a wave of American market dominance. "
Tyler Cowen
People
Culture
Art
" Real cultural diversity results from the interchange of ideas, products, and influences, not from the insular development of a single national style. "
Tyler Cowen
Diversity
Style
Results
" Look at electricity in human history - it took a few decades for electricity to really revolutionize the American economy. And the Internet will be the same. At some point in the future, we will arrive at a new era of low-hanging fruit. "
Tyler Cowen
Fruit
American
Look
" We're seeing an enormous amount of global upward mobility that's quite rapid and quite sudden, and undiscovered individuals have a chance - using the Internet, using computers - to prove themselves very quickly. So I think the mobility story will be a quite complicated one. "
Tyler Cowen
Story
Chance
Computers
" When humans team up with computers to play chess, the humans who do best are not necessarily the strongest players. They're the ones who are modest and who know when to listen to the computer. Often, what the human adds is knowledge of when the computer needs to look more deeply. "
Tyler Cowen
Know
Best
Computers
" What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line. "
Tyler Cowen
Line
Own
Money
" Vietnamese food has probably been saved from the mass market because most people never master the sauces and condiments that must be added to the food, at the table, for its glories to become apparent. It's too much trouble, and a lot of people don't like asking for help, especially if the interaction involves some linguistic awkwardness. "
Tyler Cowen
Food
People
Trouble
" I'm a pessimist about the euro, but not about Europe. So the southern periphery, Spain, Italy, Greece, leave - Italy might be the first to go - and the rest stay. That will work just fine. But unless they want to give up democracy, I don't see greater fiscal union as the answer. "
Tyler Cowen
Rest
Work
Want
" In most of the world, breakfast is an important meal. "
Tyler Cowen
Breakfast
Meal
Most
" Sports is remarkably cognitive. I think it's underrated just how smart it is. Actually, if I had more time, I would spend more time with sports. Watching it, reading about it, I think it's oddly underrated. "
Tyler Cowen
Sports
Think
Time
" I think higher ed in the U.S. is fairly healthy, and by global standards it dominates, and it makes people more productive. But a lot of our K-12 is a disaster. And the single most important reform would just be to fire the worst ten or 15 percent of teachers in the lot, and we would have massive improvements. "
Tyler Cowen
Teachers
People
Fire
" In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS. "
Tyler Cowen
Truth
Great
End
" Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life. "
Tyler Cowen
Decisions
Understanding
Life
" We will be returning to historical levels of inequality. We'll view post-war America as a kind of strange interlude not to be repeated. It won't be the dreams that we all had that virtually all incomes go up in lockstep at three percent a year. It hurts to give that up. "
Tyler Cowen
View
Dreams
Inequality
" At fancy and expensive restaurants (say, $50 and up for a dinner), you can follow a simple procedure to choose the best meal. Look at the menu and ask yourself: 'Which of these items do I least want to order?' Or: 'Which one sounds the least appetizing?' Then order that item. "
Tyler Cowen
Simple
Look
Dinner
" I sometimes say I am a 'happiness optimist' but a 'revenue pessimist.' "
Tyler Cowen
Say
I Am
Happiness
" I've been a foodie most of my life. I started when I lived for a year in Germany in my early 20s, and here was this new food environment, and I decided I needed to make sense of it. And I found it was the rules of economics that do the best job. Food is a capitalist product of supply and demand. "
Tyler Cowen
Rules
Life
Food
" Often, economists spend their energies squabbling with one another, but arguably the more important contrast is between our broadly liberal economic worldview and the various alternatives - common around the globe - that postulate natural hierarchies of religion, ethnicity, caste and gender, often enforced by law and strict custom. "
Tyler Cowen
Important
Gender
Law
" I think people who are not rich can be extremely happy. And I think the chances to be happy in this new world - with many more opportunities to be creative, to be online, to educate yourself - there'll be a lot more chances to be happy. It's not to say everyone will take them, but there will be a lot of new paths to opportunity. "
Tyler Cowen
Opportunity
Happy
Yourself