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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: 85
Born: 1939
Born: November 29
Economist
Philosopher
Writer
New York City
New York
Cannot
Creation
Subsidizing
Ends
Industry
Strewn
Past
Policy
Profitability
Long
Stand
Industries
Way
Economy
Failures
Time
Create
Libertarian
Company
Capital
Jobs
Companies
Guzzling

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Television is not vulgar because people are vulgar it is vulgar because people are similar in their prurient interests and sharply differentiated in their civilized concerns.
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Activity and creativity almost always flow to the least regulated arena.
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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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Entrepreneurial knowledge has little to do with certified expertise, advanced degrees, or the learning of establishment schools. The fashionably educated and cultivated spurn the kind of fanatically focused learning commanded by the innovators. Wealth all too often comes from doing what other people consider insufferably boring or unendurably hard.
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Nothing is more deadly to achievement than the belief that effort will not be rewarded, that the world is a bleak and discriminatory place in which only the predatory and the specially preferred can get ahead.
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Unlike an inexorable, Newtonian great machine, the economy is not a closed system.
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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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The first priority of any serious program against poverty is to strengthen the male role in poor families.
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The prevailing theory of capitalism suffers from one central and disabling flaw, a profound distrust and incomprehension of capitalism.
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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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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 embracing change, entrepreneurs ensure social and economic stability.
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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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Capitalism begins with giving.
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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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Hatred of producers of wealth still flourishes and has become, in fact, the racism of the intelligentsia.
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Intelligent design itself does not have any content.
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The envy of excellence leads to perdition the love of it leads to the light.
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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 differences between the sexes are the single most important fact of human society.
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