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You Can’t Stop Progress, Supposedly
mauldineconomics.com / BY JARED DILLIAN / FEBRUARY 12, 2015
I am a sometimes gold bug and hard-money advocate, and a hard-core fiscal conservative. I have a pretty bearish outlook on the markets, I am generally skeptical of company management and especially journalists, and I think most investors, even the professional ones, are clueless.
I’m one of those hopeless romantics who pays down his debt (often ahead of schedule), would never ask for a bailout, and would be loath to sign up for unemployment benefits or even Social Security. If I looked hard enough, I could probably find a tinfoil hat that fits.
However, people who fit this profile are not typically big advocates of technology. You can’t use social media after the Snowden revelations, your phone is like a LoJack for the government, and who would trust a self-driving car?
I would. Do you know how much reading you could get done?
I love technology, and in spite of my bearish bent, I am a huge technology optimist and futurist. I was foaming-at-the-mouth bullish on Facebook back in 2008, when it was not yet public, at a $20 billion valuation. I said it would someday be worth $100 billion. People threw rotten eggs at me. It is now worth twice that.
I said it would be worth a trillion. It’s not there yet. Back then, in 2008, in the middle of the gosh-darn financial crisis, people were already talking about the bubble brewing in Silicon Valley.
Seven years later, I think that is a more reasonable discussion to have.
The post You Can’t Stop Progress, Supposedly appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/13/you-cant-stop-progress-supposedly/
