The world economy is integrated in ways too difficult to understand. A single mind or government can not work out the implications of each change. The economy works because it is locally optimized to the markets on the ground. The economy is guided within a general framework of knowledge. …

Progress: The World is Getting Better all the Time

The world has changed a lot in the last 40 years, and we have innovation to thank for much of it.

Consider what life was like In the 1970s. In those days, the bottom 10% of earners weren’t just poor, they were dirt poor. …

Carter Williams

Early stage startups, creative destruction, cool technology and other stuff like sailing. Innovation is Deflationary.

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