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“Let's say hypothetically, knowing what we know now about public policy, that we could close the education gap so that it was only a couple percentage points, and we could make sure that hiring barriers and educational barriers had been leveled down, and unemployment among African Americans right now instead of being double was only 10 percent higher than white unemployment - if we got to that point , America as a whole would be a lot richer.”

“Clearly, there needs to be an increase in the capacity of the railway system. That's why there are these projections of increasing the capacity to carry freight on the railways by 30% over the next five years or so, because the volume of goods moved up and down, imports, exports, and within the country, has grown much larger than the capacity. And this is part of the higher costs to business, because charges, for instance, at the ports become too high and they put up the prices of these goods, whether they are imports or exports. You want to reduce that.”

“Many people who have lost out in the last few decades voted for Trump. Trump will have a difficult time turning them into winners. The jobs of these people are not at risk because of Chinese or Mexican workers, but because of robots and computers. And new trade barriers and higher tariffs are not going to change that.”

“If you have an area where high-income receivers concentrate, you have a higher fiscal capacity. That fiscal capacity is a valuable resource and will create rent-seeking. People will trying to get that resource one way or the other, including immigration. It is very much like the medieval peasants putting their sheep on the commons pasture. It is better than the open range, and if you let them have open access they will, in fact, put too many sheep on the pasture and waste the value that the pasture has.”

“We could replace people with fossil fuels, have higher and higher levels of industrialization, of agriculture, of production, without thinking of the green-house gases we were admitting, and climate change is really the pollution of the engineering paradigm, when fossil fuels drove industrialism. To now offer that same mindset as a solution is to not take seriously what Einstein said: that you can't solve the problems by using the same mindset that caused them.”

“When you say that after World War I there was a pandemic that killed more people than the war itself, most will say: "Wait, are you kidding? I know World War I, but there was no World War 1.5, was there?" But people were traveling around after the war, and that meant the force of infection was much higher. And the problem is that the rate of travel back then was dramatically less than what we have nowadays.”

“We've long known that firms can pay higher wages if they spend less on workplace safety enhancement. Libertarians ask, "If a worker is willing to accept higher wages in return for his agreement to exercise greater caution while performing his job, why should the government prevent him from making that choice?" It's a rhetorically powerful question, yet it overlooks the fact that the agreement in question will have adverse effects on others.”

“Many decry rising inequality because it makes those who've fallen behind feel impoverished. But it's done much more than cause hurt feelings. It has also raised the real cost to middle-income families of achieving many basic goals. The process begins with the completely unremarkable fact that top earners have been spending at a substantially higher rate than before. They've been building bigger mansions, staging more elaborate weddings and coming-of-age parties for their kids, buying more and better of everything.”

“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.”

“Chunking is the ability of the brain to learn from data you take in, without having to go back and access or think about all that data every time. As a kid learning how to ride a bike, for instance, you have to think about everything you're doing. You're brain is taking in all that data, and constantly putting it together, seeing patterns, and chunking them together at a higher level. So eventually, when you get on a bike, your brain doesn't have to think about how to ride a bike anymore. You've chunked bike riding.”

“Fidelity is the total quality of an experience, including a sense of exclusiveness and aura. Convenience is simply how easy something is to get, which often means a low price and ubiquitousness. A super-fidelity product or service would lose its luster and quality if it's pushed too hard toward convenience. A super-convenient product or service would start to get expensive and exclusive if it moved toward higher fidelity, which would naturally undermine its convenience.”

“Now obviously popularity isn't everything when it comes to stand up comedy, but the art form itself is better today than it ever has before. I think there are more great comics. I think the standard is higher. The critical analysis is a little harsher, but that is also good. Maybe people have a higher standard than before, maybe they are a little more judgmental, a little more brutal, that makes people work harder. It makes the stand up better.”

“We had early on women having the right to vote, then women in the workforce during WWII, just going back in history, and then we had the higher education of women, and then women more fully participating in the economy and in business, the professions, education, you name the subject... but the missing link has always been: is there quality, affordable healthcare for all women, regardless of what their family situation might be?”

“I believe in goal-setting. I don't care what it is. If you want to drop 10 pounds, increase your bench press, jump higher, or win a Super Bowl, you have to set that goal for yourself before you go out and achieve it. I think you have to regulate it, and see how you're building toward it every single day. Am I getting closer to that ultimate goal? Am I doing everything I possibly can today to be successful? I'm always very cognitive of my goals.”

“America needs the best education system in the world. We have it in higher education. We do not have it in general education for all of our people - the K-12 education. Other nations are far, far outdoing the United States in that area. We still have the lead in research, but once again, other nations are pouring more into research also. We still have a lead, but to me it's just very, very important that we keep that lead in basic research.”

“Even in our own agriculture strategy, if we got a great new drought-resistant seed and we managed to get it distributed in the system, we just assumed that it would reach female farmers. That's a false assumption, because women don't interact with agro-dealers. So if you don't develop specific programming to ensure that seed gets in a woman's hands, then the extra income [generated by higher-yielding crops] goes into her husband's hands.”

“You can take a look at the enrollment at major institutions of higher learning. It's 65% female, 35% male. One of the reasons is, men don't want to go there anymore.But this is a manifestation... Remember our old buddy James Brown addressing men, said that it's time to shape up or ship out. He said we have got to stop this business of making fun of men who "throw like girls."”

“In Delhi the cars are getting bigger and sleeker, the hotels are getting posher, the gates are getting higher, and the guards are no longer the old chowkidars, the watchmen, but they are fellows with guns. And yet the poor are packed into every crevice like lice in the city. People don't see that anymore. It's as if you shine a light very brightly in one place, the darkness deepens around.”

“There may be countries [where] there's no gender inequality in schooling, even in higher education, but [where there is] gender inequality in high business. Japan is a very good example of that. You might find cases in the United States where at one level women's equality has progressed tremendously. You don't have the kind of problem of higher women's mortality as you see in South Asia, North Africa, and East Asia, China, too, and yet for American women there are some fields in which equality hasn't yet come.”

“The higher education has always appealed to the South Asian social leaders across all the countries in South Asia. But primary education has been neglected. The oddity, by the way, is if you look at the contrast in India, there are some areas like Kerala where there's a long history of educational development.”

“I think East Asian countries, I think they're very fortunate to have Buddhism survive as a strong influence because right from the time when Buddha himself, 2,500 years ago, made the point about the importance of education, and the word "Buddha" also means enlighten[ed] or educated. So all the Buddhist countries, not only Japan and Korea and China and Hong Kong and Thailand but also even Burma and Sri Lanka, had a higher level of education.”