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In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.
Peter Thiel
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Peter Thiel
Age: 57
Born: 1967
Born: October 11
Banker
Chess Player
Computer Scientist
Entrepreneur
Financier
Writer
Frankfurt/Main
Peter Andreas Thiel
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Growth
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Keynesian
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Inflation
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Productivity
Money
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Today
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Worked
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Society is secretly driven by sales
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Education needs to be rethought. Education does not just happen in college, but it also happens in developing skills which will enable people to contribute to our society as a whole.
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Every business is successful exactly to the extent that it does something others cannot.
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There are still many large white spaces on the map of human knowledge. You can go discover them. So do it. Get out there and fill in the blank spaces. Every single moment is a possibility to go to these new places and explore them.
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What important truth do very few people agree with you on?
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A lot of the key to Apple's succes is Designing technology in order to hide it.
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Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.
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Had the people who started Facebook decided to stay at Harvard, they would not have been able to build the company, and by the time they graduated in 2006, that window probably would have come and gone.
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There's a wide range of sales ability: there are many gradations between novices, experts, and masters. There are even sales grandmasters. If you don't know any grandmasters, it's not because you haven't encountered them, but rather because their art is hidden in plain sight.
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I think somehow people should be encouraged to think about a very long time horizon and I think this is true for businesses, it's true for governments and it's true for people doing things in the non-profit sector.
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We cannot take for granted that the future will be better, and that means we need to work to create it today.
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Big part of the challenge to innovation is that people too easily resign themselves to dying.
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Of the six people who started PayPal, four had built bombs in high school.
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Anti-aging is an extremely under-explored field.
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I'm skeptical of a lot of what falls under the rubric of education.... People are on these tracks. They are getting these credentials and it's very unclear how viable they are in many cases.
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All failed companies are the same: they failed to escape competition.
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In the U.S., we fundamentally need to do new things, which I think is harder for the government to do. And moreover, it is not something our government actually is inclined to particularly do.
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Under perfect competition, in the long run no company makes an economic profit.
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I no longer believe that freedom and democracy are compatible.
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