Quotes from George Gilder

From Adam Smith's pin factory to Moore's Law of microchips, the division of labor drives the extension of the market, not the other way around. Supply creates its own demand through the proliferation of goods and services down the curves of learning, entropy, and imagination.

The blind spot of AI is that consciousness does not emerge from thought; it is the source of

Even though Jews are a tiny minority of less than a tenth of 1 percent of the world's people, they comprise perhaps a quarter of the world's paramount capitalists and entrepreneurs.

An economy is a "noosphere" (a mind-based system), and it can revive as quickly as minds and policies can change.

Locked in a debate over Israel's alleged vices, they miss the salient truth running through the long history of anti-Semitism: Israel is hated above all for its virtues.

much of Silicon Valley's investment has gone to some eighty "unicorns," with valuations over a billion dollars, which have shunned the overregulated U.S. public market. This is a bizarre and unsustainable situation. Venture capital cannot function without liquidity events. Unless the United States follows China and begins to deregulate its public companies, China will soon take the lead in venture capital as well. The

The key issue in economics is not aligning incentives with some putative public good but aligning knowledge with power. Business investments have both a financial and an epistemic yield. Capitalism catalytically joins the two. Capitalist economies grow because they award wealth to its creators, who have already proved that they can increase it. Their tests yield knowledge because they are falsifiable; they can be exposed as wrong. Businesses are subject to failure.

To declare enthusiasm for feminist ideals is almost a new mode of macho, a way to flaunt an invulnerable virility. Many will dismiss feminism as merely a matter of domestic logistics. . . . Mention procreation, and they talk about the population explosion. They believe it is just as well that many women indicate disinterest in having children.

The economy is a test and measurement system, and it requires reliable learning guided by an accurate meter of monetary value. The

Aim at performance, and low cost will follow. Aim at low cost, and you will not achieve sufficient performance to have an enduring business. After a sufficient system is devised, demand will foster economies of scale and learning curves that bring the price down over time.

By merely foreswearing violence and taking advantage of their unique position contiguous with the world's most creative people, the Palestinians could be rich and happy.

Superfluous focus on accounting and other procedural details is preventing U.S. industry from competing with rough-and-ready rivals in Asia that can build thousands of factories and skyscrapers while the United States dithers with environmental-impact litigation, re-computation, and backup of accounting reports.

Even though bitcoin may not, after all, represent the potential for a new gold standard, its underlying technology will unbundle the roles of money. This can finally clarify and enable the necessary distinction between the medium of exchange and the measuring stick. Disaggregated will be all the GAFAM (Google, Apple, Facebook, Amazon, Microsoft conglomerates)—the clouds of concentrated computing and commerce.

The system failed not because it was rational, but because rational choice in the face of massive ignorance—whether attributable to folly or deceit—is meaningless. Capitalism depends not on the freedom to choose but on the free flow of information across a low-entropy carrier. Corrupt the carrier with noise, and capitalism collapses. And the great corrupter of any carrier, the great generator of destructive noise, is power. And in this case the powers assembled were immense.

The . . . argument of the expert, that the man who is trained should be the man who is trusted, would be absolutely unanswerable if it were really true that the man who studied a thing and practiced it every day went on seeing more and more of its significance. But he does not. He goes on seeing less and less of its significance

The force driving the Israelis decisively out of their socialist past into the modern world of finance was the ingenuity of Netanyahu.

Alphabet, is worth nearly $800 billion, only about $100 billion less than Apple. How do you get rich by giving things away? Google does it through one of the most ingenious technical schemes in the history of commerce. Page's and Brin's crucial insight was that the existing advertising system, epitomized by Madison Avenue, was linked to the old information economy, led by television, which Google would overthrow.

Shaul is sure that Israel's test of survival, daily undergone, is the secret of Israeli enterprise. "When you're concerned about your survival, every day, you think outside of the box

If the Arabs put down their weapons today there would be no more violence. If the Jews put down their weapons today, there would be no more Israel. BENJAMIN NETANYAHU

The risk-bearing role of the rich cannot be performed so well by anyone else. The benefits of capitalism still depend on capitalists. The other groups on the pyramid of wealth should occasionally turn from the spectacles of consumption long enough to see the adventure on the frontiers of the economy above them - an adventure not without its note of nobility...

It is not only the canary in the coal mine—it is also a crucial part of the mine.

aphoristic posts on the Cypherpunks list, the

In the history of enterprise, most of the protagonists of major new products and companies began their education - not in the classroom, where the old ways are taught, but in the factories and labs where new ways are wrought ... nothing has been so rare in recent years as an Ivy League graduate who has made a significant innovation in American enterprise.

In embracing change, entrepreneurs ensure social and economic stability.