If Moore’s Law continues to hold, computers should be able to simulate the human brain by around 2030
Do you think that I believe that you will protect us? I said, yes. He said, I no longer believe that you will protect us. Your actions over recent years have made clear that to you detente is more imp...
Complaints from France that Washington was exploiting its reserve currency status in order to collect seigniorage from America’s foreign creditors by printing dollars, much as medieval monarchs had ex...
Biggest changes in history are the achievements of thinly documented, informally organized groups
Between economic freedom and government regulation? Chapter 2 will address these issues. The specific question I ask is how far very complex regulation has become the disease of which it purports to b...
Aunque el liberalismo económico y político anglófono sigue siendo las más atractiva cultura del mundo, tiene el reto de hacer frente, como ha ocurrido desde la revolución iraní, a una seria amenaza pr...
Arguing that Google and Facebook should do the censoring is not just an abdication of responsibility; it is evidence of unusual naivety. As if these two companies were not already mighty enough, Europ...
Approach reveals a point that is often overlooked. It is certainly desirable that societies with bad institutions should get better ones. We see that process going on today all over the world, in much...
An Empire-less Britain would be just a ‘cold and unimportant little island where we should all have to work very hard and live mainly on herring and potatoes’.
Agencies began to downgrade scores of RMBS CDOs (short for ‘residential mortgage-backed security collateralized debt obligations’, the very term testifying to the over-complex nature of these products...
Academic literature. Major influences on my thinking include Douglass North, who won the Nobel Prize for Economics for his work on institutions; the pre-eminent economist of modern Africa, Paul Collie...
A South American mercenary who served as Inspector General of the Turkish forces in Armenia, reported that the Governor-General of the province had ordered the local authorities in Adil Javus ‘to exte...
You will look in vain for a European search engine, a European online retailer, a European social network. The biggest EU-based Internet company is Spotify, the Stockholm-based music and video streami...
You ask professors to study things, but you never put them in charge of anything.
When bond prices fall, interest rates soar, with painful consequences for all borrowers.
What the complacent Russians forgot was that their strengths – above all, their technological superiority – were not a permanent monopoly conferred by Providence on people with white skin. There was i...
Unlike in the past, there are now two kinds of people in the world: those who own and run the networks, and those who merely use them.
Trump won ‘Trumpland
Trump campaign’s involvement with the alt-right brought anti-Semitism back
Traders had begun to speak of the ‘Greenspan put’ because having him at the Fed was like having a ‘put’ option on the stock market (an option but not an obligation to sell stocks at a good price in th...