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Obviously the most enduring way to make this commitment is through marriage. Yet because sexual liberals deny the differences between the sexes, their explanations of why there are marriages and why marriage is needed and desired ignore the central truth of marriage: that it is built on sex roles. Pressed to explain the institution, they respond vaguely that human beings want "structure" or desire "intimacy." But however desirable in marria..
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George Gilder |
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While market economies are often thought of as money economies, they are still more so knowledge economies.... Economic transactions are purchases and sales of knowledge." "After all, the cavemen had the same natural resources at their disposal as we have today.... We are all in the business of buying and selling knowledge from one another, because we are each so profoundly ignorant of what it takes to complete the whole process of which ..
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George Gilder |
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asperity.
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George Gilder |
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This process of wealth creation is offensive to levelers and planners because it yields mountains of new wealth in ways that could not possibly be planned. But unpredictability is fundamental to free human enterprise. It defies every econometric model and socialist scheme. It makes no sense to most professors, who attain their positions by the systematic acquisition of credentials pleasing to the establishment above them. By definition, inn..
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George Gilder |
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Netanyahu concludes: "We agree with that clear-sighted scholar who said, unreservedly, in plain language: 'Anti-Semitism was born in Egypt.'" His book shows that motivating the Inquisition in Spain was not hostility to Jewish religion but rage against the superior effectiveness and ascendancy of Jews outperforming established clerics as Christians. "New Christians," mostly Jewish, were taking over the Spanish church by being more learned, e..
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George Gilder |
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They imagine that the plight of the Palestinians reflects not their own Marxist angst, anti-Semitic obsessions, and recidivist violence but the actions of Israel. In their view, Israel's wealth stems not from Jewish creativity and genius but from cadging aid from the United States or seizing valuable land and other resources from Arabs.
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George Gilder |
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What makes capitalism succeed is not chiefly its structure of incentives but its use of knowledge and experience.
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George Gilder |
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Under Arab rule, Palestine had always been a somnolent desert land that could have sustained no authentic twentieth-century Arab awakening. Palestine without Jews is a not a nation but a naqba.
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George Gilder |
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Disguising this edifying process in the United States are the handi-capitalists in nominally "private" institutions - from Wall Street money-shufflers and government-guaranteed mortgage hustlers to corn-state ethanol farmers and Silicon Valley solar shills - that are dependent on public handouts and mandates for their success."
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George Gilder |
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Opening the book is a quotation from the National Conference of Catholic Bishops that sums up the Prager-Telushkin view: "It was Judaism that brought the concept of a God-given universal moral law into the world. . . . The Jew carries the burden of God in history [and] for this has never been forgiven."
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George Gilder |
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But I still don't have knowledge, interpreting the surprises that others don't know about, that will drive a new narrative. You have to work and think and stress and fret to surmise the surprises by first fathoming the pulse.
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George Gilder |
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aphoristic posts on the Cypherpunks list, the
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George Gilder |
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It removes information from the market when I need more and more...Indexing is a waste heap--information so merged and muffled that it hides knowledge rather than reveals it. All beta, no alpha.
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George Gilder |
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A day doesn't pass that I'm not surprised.
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George Gilder |
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Originating in large scale electronic warfare and anti-jamming technologies for the battlefield devised by two Russian immigrants, these now one-chip systems can fit in a handset and enable intercommunication among the towers of Babel in urban America.
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George Gilder |
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Yet economics purports to be strangely exempt from this fact of life. From Adam Smith's day to our own, the chief concern of the discipline has been to render economic events unsurprising...The discernment of orderly rules governing the apparent chaos of life was a remarkable achievement and continues to amaze.
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George Gilder |
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The passion for finding the system in experience, replacing surprise with order, is a persistent part of human nature...Science came to mean the elimination of surprise. It outlawed miracles, because miracles are above all unexpected.
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George Gilder |
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Ignored...was the one unbridgeable gap between physics and any such science of human behavior: the surprises that arise from free will and human creativity...they constitute the most important economic events. For a miracle is simply an innovation, a sudden and bountiful addition of information to the system.
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George Gilder |
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An economics of systems only-an economics of markets but not of men-is fatally flawed.
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George Gilder |
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The Newtonian scheme became an illusion of determinism in a tempestuous world of human actions. Economists became preoccupied with mechanical models of markets and uninterested in the willful people who inhabit them.
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George Gilder |
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Some economists became obsessed with market efficiency and others with market failure. Generally held to be members of opposite schools-"freshwater" and "saltwater," Chicago and Cambridge, liberal and conservative, Austrian and Keynesian-both sides share an essential economic vision. They see their discipline as successful insofar as it eliminates surprise-insofar, that is, as the inexorable workings of the machine override the initiatives ..
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George Gilder |
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The index is retrospective. The crucial alpha, the entropy, the signal modulating that linear advance...comes from knowledge of the entrepreneurial surprises harbored on the edge of the noise.
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George Gilder |
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The war between the centrifuge of knowledge and the centripetal pull of power remains the prime conflict in all economies. Reconciling the two impulses is a new economics, an economics that puts free will and the innovating entrepreneur not on the periphery but at the center of the system. It is an economics of surprise that distributes power as it extends knowledge. It is an economics of disequilibrium and disruption that tests its inventi..
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George Gilder |
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We begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information is best defined as surprised-what we cannot predict rather than what we can. The key to economic growth is not acquisition of things by the pursuit of monetary rewards but the expansion of wealth through learning and discovery.
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George Gilder |
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Gilder shows how, to the contrary, Israel's growing prosperity will benefit the entire region in which it is located.
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George Gilder |
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It is not only the canary in the coal mine--it is also a crucial part of the mine.
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George Gilder |
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thus has been the only commodity whose future price is always equal to the spot price plus the rate of interest over the time period. A million paper dollars held since 1913, when the Federal Reserve Bank was created, would be worth $20,000 today, down 98 percent. A million dollars of gold in 1913 would now be worth $62 million.
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George Gilder |
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Could the Gazans join the Israelis to create a Riviera on their exquisite beaches, their glowing sands? To do so, they would have to leave behind a world of zero-sum chimeras and fantasies of jihadist revenge. And they would discover that their greatest ally is a man long portrayed as their most feared enemy, a man who, having led for decades the fight to liberate Israeli Jews from self-destructive socialist resentment, now offers to bring ..
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George Gilder |
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The invention of reliable and recognizable timepieces--clocks and bell towers--liberated workers from the bondage of piecework, which entails regimentation to count the pieces and favors quantity over quality, slavery over free labor.
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George Gilder |
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mollusks"--Einstein's word for entities in a relativistic world."
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George Gilder |
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In the age of Big Data, the von Neumann bottleneck has philosophical implications. The more knowledge that is put into a von Neumann machine, the bigger and more crowded its memory, the further away its average data address, and the slower its functioning.
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George Gilder |
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But the most impressive Markov warriors and Siren Servers are not at Google or Amazon or Facebook. They reside at a little-known but astonishingly successful company transforming the world of finance. The real Markovian masters of the universe run a venture in Setauket, Long Island, called Renaissance Technologies. It is the Google-era titan of finance and investment.
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George Gilder |
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In the United States, unmoored Markovian money can be manipulated at will by the Federal Reserve in the interests of its sponsors in government and their pseudo-private cronies.
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George Gilder |
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Devoid of the outside influences of capital and technology, the source of bitcoin value becomes the pure irreversible passage of time. The
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George Gilder |
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To the Austrian economics of subjectivity, time provides an objective foundation.
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George Gilder |
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Money, like the cosmos, has become relativistic and reversible at will. The three hundred years of Newtonian prosperity having come to an end, the new multiverse seems unable to repeat the miracle of a golden age of capitalism. It is now widely held that citizens are essentially owned by the state on which they depend. Slavery, in the form of servitude to governments, is making a comeback as money transactions become less trustworthy.
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George Gilder |
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Traditionally the haven currency was the U.S. dollar, but since early 2018--from Greece to Venezuela, from Argentina to Zimbabwe--the haven has increasingly been bitcoin.
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George Gilder |
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Egalitarians never seem to understand that promoting economic equality in theory means promoting resentments and polarization in practice, making everyone worse off. --Thomas Sowell (2016)
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George Gilder |
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The source and root of all monetary evil [is] the government monopoly on the issue and control of money. --Friedrich Hayek
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George Gilder |
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Whereas Google envisages an era of machine dominance through artificial intelligence, you will rule your machines, and they will serve you as intelligent, willing slaves. You will be the "oracle" that programs your life and dictates to your tools."
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George Gilder |
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Republicans have been running on tax-cut proposals since the era of Harding and Coolidge. Tax-rate reductions and simplifications are urgently needed. But again, there is no mention of the key problems of a global economy in decline--of the acceptance by economic elites of inevitable and irremediable stagnation. We have not faced the fact that the Federal Reserve's capacity to command growth is a god that has failed.
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George Gilder |
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Piketty would impose a progressive annual tax on capital. By a static analysis, such a tax might reduce the yield of capital to the rate of GDP expansion and thus eliminate the bias toward top-heavy accumulation by elites. Upholding the secular stagnation theory of permanent growth slowdown, he naturally focuses on depressing the return to capital. Taking money from the rich and giving it to government might seem to address "inequality." Bu..
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George Gilder |
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Warren Buffett summed up the conventional view with his usual pith: "Gold gets dug out of the ground . . . we melt it down, dig another hole, bury it again and pay people to stand around guarding it. . . . Anyone from Mars would be scratching their head."2"
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George Gilder |
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President Obama's friend and counselor Ta-Nehisi Coates, from his perch atop the bestseller lists and at the pinnacle of power in America, denounces the American Dream, in terms that echo Obama's previous spiritual guide, Pastor Wright in Chicago, as a "genocidal weight of whiteness."
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George Gilder |