8. The Big Stretch. Rising incomes among a small group of Americans led to that group breaking away in lifestyle. They bought bigger homes, nicer cars, went to expensive schools, and took fancy vacations.
"The world’s elite store $20 – 30T of their wealth in offshore bank accounts. These assets are held with the explicit intention of hiding assets from governments such that they cannot be easily seized or taxed. Cryptocurrencies are bearer assets. Absent threats of physical violence, governments cannot seize cryptoassets."
The notion that a university should protect all of its students from ideas that some of them find offensive is a repudiation of the legacy of Socrates, who described himself as the “gadfly” of the Athenian people. He thought it was his job to sting, to disturb, to question, and thereby to provoke his fellow Athenians to think through their current... See more
5. Cloud-based regulators are outcompeting state-based regulators: Traditional taxi regulators might do cursory inspections of medallion holders. But they do not regulate their drivers as aggressively as Uber, Lyft, Grab, Gojek, and DiDi do. That is, they do not GPS track every ride, ensure both driver and rider can complete a transaction, record... See more