Law & Liberty
•69% Informative
George Gilder has been a front-line conservative thinker at least since his 1979 Sexual Suicide.
He had an international bestseller in 1981 with Wealth and Poverty (a Ronald Reagan favorite), and his 2013 Knowledge and Power defended an information theory of capitalism that was critical to the underpinnings of my last book in the same genre.
Gilder argues that in today ’s digital world, data are opening up unknown futures requiring open mind not limited by a priori theoretical assumptions.
The failure of determinist deductive reasoning provided by an all-knowing scientific expert or theorist at the top is exposed by considering the heart of the economy, he says.
The Bank for International Settlements in: April 2022 identified a flow of some $7 trillion a day, more than a third of all US annual GDP every twenty-four hours .
Hayek in fact held that fiat money was the “root and source of all monetary evil” While gold is a natural resources commodity, its commodity aspect is very secondary and misleading about its real value.
Web 3.0 ’s expected blockchain with immutable, unique, time-stamped transactions and automated “smart contracts” could solve that Fiat money problem.
VR Score
68
Informative language
63
Neutral language
34
Article tone
informal
Language
English
Language complexity
62
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not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
detected
Time-value
long-living
External references
3
Source diversity
2
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