Sublime

In my opinion, a technological/economic/institutional architecture that can coordinate economic activity in a way that makes the firm superfluous, deconcentrates ownership and control over vital networks, and broadly distributes economic surplus to network participants according to transparent, fair and relatively fixed rules, is the killer app.... See more

Controlling valuable pillars of internet utility -- the flow of information, social connections, music and video delivery -- has created tremendous wealth for a few while very little for stakeholders not on the company’s cap table.

Author George Gilder discusses his conception of knowledge, power, and the economy, as described in his latest book, Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World.

Now you look 10, 15 years later, and the content moderation debates aren’t about should you have nipples or not in videos and nudity or things like that — it’s about truthiness. It’s about what happens when everybody is allowed to upload content that essentially shows their version of reality versus a consensus version of reality.

A widely held view is that wealth inequality increases with r-g. We show the opposite is true in a model with entrepreneurs. The idea: lower rates benefit entrepreneurs who use external financing to grow their firms. We quantify this effect w/microdata https://t.co/IU372bx09L https://t.co/7tw5nKjBRu