Morality represents the way we would like the world to work, and economics represents how it actually does work.

Most every decision that your team will make is independent of you as a leader. Once in a while, they may update you or ask you a question, but the vast majority of decisions are made either individually, or inside teams- and if those individuals and teams don't know what that end-game truly looks like, the odds of them making the right decision at any moment in time diminishes.

[the impact of the internet on liberty and free speech has been] very positive indeed – not so much two steps forward and one step back, as ten steps forward for every step back. By breaking the oligopoly of the established press and letting everyone be a publisher, it has made information much harder for the powerful to control.

The actual actions of the people in the market are the things that determine what happens next within the market.

Dogs, chipmunks, squirrels, fish and dolphins do not have a meta-cognitive understanding of themselves. A dog can feel sad (we think) but cannot have a meta-cognitive understanding of the fact they feel sad and what to therefore do about.