In economics, theorists will tell you “public goods” like lighthouses can’t ever be supplied by private, profit-seeking ventures. Meanwhile, right outside their window there are private lighthouses, provided in ways too varied and ingenious for the academic mind to comprehend, and too skin-in-the-game trial-and-error intuitive for the entrepreneur to even know how to explicitly describe.
Tag: value
Building Walls
We can’t keep up with our infrastructure needs, yet we are committed to building thousand of miles of walls on highways and along borders. Your tax dollars at work.
Taking the “Digital” out of “Digital Gold”
The idea of digital gold is to take all the amazing attributes of gold and add the one thing it’s missing: portability. That’s what the “digital” part means. The magic of bitcoin is that it found a way to maintain all the very best properties of money found in gold and add to them the greatest portability of any money in existence with instant, near free global transactions.
We Rule: A Socratic Dialogue
Socrates: Instead of spreading allegedly noble lies about Athenians or barbarians, my dear Glaucon, let us spread the noble truth that civilization is the product of human knowledge and human effort – and celebrate both wherever they may be found.
On Being a Part of City Life
I had to get a job before I started to realize the beauty of a city skyline, or even a busy interstate. The high office buildings, the businesses, the traffic, the construction, the people rushing off to do things – I’m a part of that flow now. I know what these places and things and activities are like. I know (some of) what it takes to create value in the world.
Thank Your Competitors
There’s plenty to be said for Peter Thiel’s case that establishing a natural monopoly (via innovation, not privilege or coercion) is best for innovation. In many cases, it’s true. You should probably not go into a space that is already competitive. But if you have already done something innovative, competitors are bound to come behind to ride your coattails. Here are a few reasons you shouldn’t be too upset – and why you might actually want to thank your competitors.
The Students Being Promoted in the Media
These kids opinions are being marketed as if they are knowledgeable and representative of reality. They aren’t. They represent themselves. However, the reason we are hearing them is because their opinions are opinions that people in the media desire for you to hear. The narrative wasn’t created due to the shooting (like is being inferred). The students were chosen for the narrative.
A Degree is a Signal, But Not the Kind You Think
The signaling theory of higher ed is correct, except it’s not a career signal, it’s a social signal. You can build a better professional signal and better career in a fraction of the time for a fraction of the cost outside college conveyor belt.
Forget the Data, College is a Religion
The psychological benefit of going along with the dominant belief, gaining the prestige it entails, and not risking being seen as a non-believer motivate all kinds of actions detrimental to a person’s individual goals and aspirations. Attending college is the most pervasive religious act today.
Sitting on the Sidelines is No Longer an Option
I believe we are nearing a watershed moment in human history. We will either break our chains and free ourselves once and for all or we will squander this opportunity, surrender our arms, and accept our enslavement as a permanent condition.