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To: AZLiberty

Gilder was a prominent huckster of the Internet stock market bubble which burst in early 2000 resulting in one of the biggest stock market crashes of all time.

I would take anything he says with a grain of salt.


963 posted on 04/19/2020 2:45:12 PM PDT by Disestablishmentarian ("the right of the people peaceably to assemble")
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To: All

Police bust ‘horrific’ child sex abuse ring spread across five states (Australia)

https://www.theaustralian.com.au/nation/police-bust-horrific-child-sex-abuse-ring-spread-across-five-states/news-story/0a6932c8799d2f8bdf73930509cd503d


964 posted on 04/19/2020 2:49:50 PM PDT by HippyLoggerBiker (Always carry a flagon of whiskey in case of snakebite and furthermore always carry a small snake.)
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To: Disestablishmentarian
Gilder was a prominent huckster of the Internet stock market bubble which burst in early 2000 resulting in one of the biggest stock market crashes of all time.

Ad hominem arguments don't work for me. Besides, apart from the 2000 mega-correction, Gilder was totally right about the "telecosm". I'm listening to the audiobook. The book was actually written in 2015, when Gilder was no fan of candidate Trump. Gilder also has a lot of favorable things to say about China and its leaders.

Nonetheless, the gold standard recommendation resonates with me, and Gilder argues very cogently in favor of it. He traces the beginning of the economic malaise (which resulted in Trump's election) to 1971, when Nixon -- on the advice of Milton Friedman, no less -- took the U.S off the gold standard. This act began the 40+ year shafting of the American worker. During this period, productivity increased by 240% but wages increased by only 8%. Gilder argues that disconnecting the dollar from gold enabled the elites to repetitively manipulate the currency to their benefit, reserving almost all the gains in productivity to themselves. Friedman thought that currency was the one area where government should have a monopoly. Gilder says that Friedman was very naive about the potential for corruption.

1,175 posted on 04/19/2020 9:48:17 PM PDT by AZLiberty (4/12: The Resurrection will be echoed by the resurrection of the Constitutional Republic of the USA.)
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