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Most restaurants in most cities, including Washington, are at a sort of mid-level. They're somewhat trendy, or they have some sort of gimmick, or they're somewhat expensive. And they make a lot of money off drinks. I tell people don't go to most of them, unless your goal is just to socialize.
Tyler Cowen
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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
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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
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I sometimes say I am a 'happiness optimist' but a 'revenue pessimist.'
Tyler Cowen
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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
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Countries with lots of unmarried young men are the most vulnerable to sudden upheavals - this is what fueled the Arab Spring.
Tyler Cowen
