What automation of any kind does is to make work more productive and hence to free up time and resources by increasing the intensity of the use of resources.
Having lived abroad for most of the last seven years, I am painfully aware of the challenges that emerge from having incomes, assets, and costs in different currencies. Sometimes that yields you unexpected windfalls, like when the British pound (GBP) b …
We shouldn’t let our inability to measure increased wealth convince us that we aren’t making progress.
Should Senator Warren or others choose to apply a decades-old rulebook to split up or regulate Amazon and Google, their lack of innovation risks costing consumers dearly.
The success of this product should humble us into questioning what we think we know for sure, and, further, introduce doubt about the ability of intellectuals and planners perfectly to anticipate and control the world.
Innovation does not, despite appearances, conform to narratives — fortunately for all of us.
The surest way to discourage innovators is to treat them and their inventions as guilty until proven innocent.