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When all is said and done, cheap gas is an illusion, because our reliance on gas creates a whole series of costs that aren't factored in to the pump price - among them congestion, pollution, and increased risk of accidents.
James Surowiecki
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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Aren
Gas
Cost
Cheap
Among
Costs
Congestion
Risk
Creates
Pump
Whole
Accidents
Pumps
Done
Price
Reliance
Illusion
Increased
Series
Pollution
More quotes by James Surowiecki
The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
James Surowiecki
If private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.
James Surowiecki
One of the problems that exacerbates procrastination is the feeling that you have lots of different things to do and no clear sense of which matter more, when they should be done, etc.
James Surowiecki
Of course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.
James Surowiecki
From a social point of view, it's beneficial that homeownership encourages commitment to a given town or city. But, from an economic point of view, it's good for people to be able to leave places where there's less work and move to places where there's more.
James Surowiecki
In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corporate performance so high that executives felt their only option was to slash payrolls.
James Surowiecki
Tough times have always lent themselves to nativist sentiments and closed-door policies. But in the case of highly skilled immigrants these policies are a recipe for stagnation.
James Surowiecki
In order to work well, markets need a basic level of trust.
James Surowiecki
No decision-making system is going to guarantee corporate success. The strategic decisions that corporations have to make are of mind-numbing complexity. But we know that the more power you give a single individual in the face of complexity and uncertainty, the more likely it is that bad decisions will get made.
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Since the Protestant majority in Northern Ireland wants to remain a part of Great Britain, and since Ireland itself has shown little interest in reunification, the IRA's prospects for success through political channels have always been limited.
James Surowiecki
The ban on sports betting does exactly what Prohibition did. It makes criminals rich.
James Surowiecki
In the business world, bad news is usually good news - for somebody else.
James Surowiecki
Breaking tasks down into smaller sub-tasks can be very useful.
James Surowiecki
Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.
James Surowiecki
There does seem to be some evidence that as people get older, they procrastinate less, perhaps because they feel the pressure of time more.
James Surowiecki
Capitalism, after all, is no fun when real failure becomes a possibility.
James Surowiecki
The business of America shouldn't be subsidizing business.
James Surowiecki
I tend to delay writing by doing more research - it's really the act of writing the piece that I have the hardest time with.
James Surowiecki
If you thought the advent of the Internet, the spread of cheap and efficient information technology, and the growing fragmentation of the consumer market were all going to help smaller companies thrive at the expense of the slow-moving giants of the Fortune 500, apparently you were wrong.
James Surowiecki
I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
James Surowiecki