The 1966 Wistar Institute conference remains, fifty years later, a pain in the master narrative of Darwin advocates. According to their favored story, doubts about the evolutionary mechanism are the exclusive domain of, first of all, those seeking to uphold a particular interpretation of Genesis and, second, the scientifically ignorant. Continue reading at Evolution News & Views.
At Forbes.com, Nathan Lewis reviews George Gilder’s argument for stable money in his latest book, The Scandal of Money: Why Wall Street Recovers but the Economy Never Does.
Writes Lewis: “Money, Gilder argues, is not only a medium of exchange, it is a medium for the transmission of economic information. The information inherent in prices, or profit and loss, guides all activity in the market economy. When this information becomes corrupted – when there is so much noise in the transmission medium that the signal becomes lost – then gross errors take place.”
An article at breitbart.com — which accompanies an interview between George Gilder with Breitbart News Daily — examines the role that currency trading has played in the downward spiral of the U.S. economy, and the popular trend toward socialist solutions:
“Gilder agreed that the average American understands that the system is broken and credited that understanding with the rise of the current populist revolt, most likely including the rise of Donald Trump as a Republican presidential contender. He cited currency trading as a key problem underlying the issue.
In a few days the Bureau of International Settlements is going to estimate the total amount of currency trading. The last time they did it three years ago and currency trading came out twenty-six times bigger than all GDPs in the world, seventy-three times as big as trade in all goods and services in the world and hundreds of times bigger than all trade in the stock markets – $5.4 trillion a day in currency trading and out of it, we don’t even get a measuring stick that can accurately value currencies. … Ten banks do 77% of all this trading and they can make money out of it but we don’t even get a measuring stick to gauge our savings, or expand our investments, or evaluate our opportunities.
Gilder’s concern is that the above system would turn America toward socialism.”