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A policy of subsidizing failures will end in an economy strewn with capital-guzzling industries long past their time of profitability - old companies that cannot create jobs themselves, but can stand in the way of job creation.

George Gilder

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George Gilder
Age: 84
Born: 1939
Born: November 29
Economist
Philosopher
Writer
New York City
New York
Company
Capital
Jobs
Companies
Guzzling
Cannot
Creation
Subsidizing
Ends
Industry
Strewn
Past
Policy
Profitability
Stand
Industries
Long
Economy
Failures
Way
Create
Libertarian
Time

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Unlike femininity, relaxed masculinity is at bottom empty, a limp nullity. While the female body is full of internal potentiality, the male is internally barren. Manhood at the most basic level can be validated and expressed only in action.
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All small returns are noise. To transcend the noise and the risk, seek outsized returns from technological paradigms.
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The central event of the twentieth century is the overthrow of matter. ...The powers of the mind are everywhere ascendant over the brute force of things.
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Wealth usually comes from doing what other people find insufferably boring.
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The United States is probably the most [socially] mobile society in the history of the world. The virtues that are most valuable in it are diligence, discipline, ambition, and a willingness to take risks. Education and credentials are most important in government elsewhere most skills are learned on the job.
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Poverty is less a matter of income than of prospects. While the incomes of the poor have steadily risen through Great Society largesse, their prospects have plummeted as families have broken into dependent fragments.
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Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to shield them from knowledge of the real dangers and opportunities.
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Intelligent design itself does not have any content.
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Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas.
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Entrepreneurship is the launching of surprises.
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The welfare culture tells the man he is not a necessary part of the family he feels dispensable, his wife knows he is dispensable, his children sense it.
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The first priority of any serious program against poverty is to strengthen the male role in poor families.
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In embracing change, entrepreneurs ensure social and economic stability.
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A design isn't finished until somebody is using it. Brenda Laurel Intelligent design itself does not have any content.
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It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: If I had listened to my customers, I would have built a faster horse. Inventions in general express Shannon entropy. They come from the supply side.
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Real poverty is less a state of income than a state of mind.
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Unlike an inexorable, Newtonian great machine, the economy is not a closed system.
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Entrepreneurial creation is the generation, de novo, of novelty and surprise- freedom of choice originating in the world of ideas, and imagination beyond all concern with chemicals. The contrary view- that all ideas are determined by material relationships- is the materialist superstition.
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A fundamental principle of information theory is that you can’t guarantee outcomes… in order for an experiment to yield knowledge, it has to be able to fail. If you have guaranteed experiments, you have zero knowledge
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In a world of dumb terminals and telephones, networks had to be smart. But in a world of smart terminals, networks have to be dumb.
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