AI is going to render exponentially more of us really stupid as we get to shed even more formerly essential knowledge. The deep in thought of today and tomorrow will go nuts, but people will be incredibly prosperous and happy.
Proponents of the global warming theory claim that the warming is caused by the burning of fossil fuels. The theory implies that the primitive living conditions that preceded the discovery of commercial uses for fossil fuels at least gifted the living with fresh air.
The bigger the crack-up the better, because the big errors signal enormous information-creation that will bring us closer to the kind of knowledge that represents enormous progress and wealth.
Money isn’t abundant in Palo Alto but scarce in Baltimore because the state decreed it so, rather money in circulation is production determined. It’s a market phenomenon every bit as powerful as the production that drives it. There is in fact a free market for money, and it’s exacting.
It only took Javier Milei two days in office to err in monumental fashion. If we ignore just how damaging currency devaluations are (the write-up doesn’t) to individuals, we can’t ignore that they’re a mindless non sequitur as is on the matter of country debt.
Imagine how staggeringly poor we would be absent all the mechanization and subsequent productive leaps born of oil’s discovery as a crucial source of fuel.
When Kimbal (brother of Elon) Musk brought the idea of an online directory of businesses to the head of the Toronto Star, he was dismissed haughtily for believing with his brother that the internet would replace the Yellow Pages. The present is always the past. This is lost on Lina Khan.
History says the governmental incompetence that Jenkins so routinely and expertly reveals doesn’t stop at our borders. Maybe past government waste will finally bring with it an upside.
In the late 1970s, Ken Langone connected Bernie Marcus and Arthur Blank with Ross Perot. They were trying to raise money for what became Home Depot, and Perot was offered the chance to purchase 70% of the company for $2 million.
Americans are mostly wrestling with “keeping up with the Joneses.” If he’s right then he, his fellow libertarian inequality apologists, along with Ahmari, Rubio Cass, should praise inequality to the skies.