And Now… Crypto-COVID!
Three Steps to Save America from Collapse
Our monetary system is broken. It’s given us low growth, a shrinking job force, inequality beyond what a healthy economy would produce, inefficiency, and the unnatural growth of finance as a portion of the economy. Our aging Federal Reserve System starves both small businesses and Silicon Valley of the capital needed to grow jobs and wages. Fed policy translates into Read More ›
Forget Cloud Computing, Blockchain is the Future
George Gilder recently sat down with Peter Robinson of the Hoover Institution on his online series Uncommon Knowledge. Gilder discusses his new book Life After Google, where he argues that bitcoin and blockchain are destined to surpass cloud computing, ushering in a new era of technology. Gilder also parses over a history of technology and artificial intelligence, quelling fears about machines taking all of Read More ›
The Fed ‘is a god that has failed’
Why does Wall Street keep recovering after recessions but the economy seemingly never does? The reason, as I document in my book, “The Scandal of Money: Why Wall Street Recovers but the Economy Never Does” is that Washington and the Federal Reserve together have created a closed loop economy where the Fed creates money for the government and the S&P Read More ›
The Gilder
George Gilder’s brilliant new book — The Scandal of Money — underscores an odd fact. There’s an expanding list of newspapermen and writers who, having reached a certain age and covered the intellectual and political wars, have turned late in their careers and at the peak of their powers to the problem of money. They are riveted by the recognition Read More ›
Eunuchnet
All hail Arianna Stassinopoulos Huffington, well on her way to becoming the reigning queen of Network Neutrality, as her Huffington Post soars ever higher as part of the $4.4 billion Verizon buyout of AOL. The purchase represents an obvious response to the FCC move to enforce a “level playing field” on the Internet while ruling it as a public utility Read More ›
Why “Gold in the 21st Century”?
Discovery Sr. Fellow George F. Gilder delivered his monograph, Gold in the 21st Century, today at the Princeton Club in New York City. The book length paper was the product of the American Principles Project and represents a next step in George’s thinking on the issue of money as it changes in our time. His next book, Life After Google (working title), will incorporate his insights on gold into a discourse on fulfilling the Internet’s promise–and resolving its ailments. Read More ›
Gilder: Bitcoin “Puts the Power of Money Back into the Hands of its Users.”
At the New York Business Journal, read a re-cap of George Gilder’s fascinating talk on bitcoin at AlwaysOn’s OnFinance conference. Gilder explains why sees in bitcoin the potential to provide a “new infrastructure for the Internet”: bitcoin opens up new horizons for web-based payments, and could ultimately displace the heavy advertising that currently dominates web transactions. Read More ›
What does the strong dollar signal?
2015 is off with a bang of higher currency volatility than in past years. Switzerland’s mid-January surprise abandon of its currency peg to a declining Euro — causing an overnight 16 percent upward spike and instant revaluation of the Swiss Franc — looks to be followed by Denmark. The long established exchange-rate of the Krone that Denmark pegged to the Read More ›