Larry Kudlow hosted Peter Thiel last evening on CNBC. The Paypal founder made the point that the least regulated sector of the economy–technology–is where all the innovation is occurring, while growth in the heavily regulated physical world has ground to a halt.
This is the theme of Jeffrey Tucker’s new book It’s a Jetsons: Private Miracles and Public Crimes.
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Did he mention how he managed to make a success out of glorified gift certificates several years after I introduced the world’s first gold-backed e-currency? Might it have something to do with his contacts within the socialist “in crowd” (hint: look at the spook fronts he’s helped to seed-finance since then)?
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