New Year’s Digms [Part 2]

Abundances and scarcities play out in a spiral of reciprocity… [Gilder's Daily Prophecy] January 22, 2021 [UNSUBSCRIBE]( | [ARCHIVES]( [External Advertisement] The Best Crypto Move to Make Today [Crypto]( never been a better time to make BIGGER – and FASTER – money in the crypto market. In fact, Tom Gentile is sharing special plays with the potential to hand you the biggest gains of your life – STARTING TODAY. [Here’s how…]( [Warning] Do you enjoy receiving Gilder's Daily Prophecy? Please [Click Here Now]( so we know to continue sending you Gilder's Daily Prophecy for free! New Year’s Digms [Part 2] [George Gilder]Dear Daily Prophecy Reader, If you missed part 1 of this Prophecy, click [here]( to get caught up. Keep scrolling for part 2… My critics see them as grandiose marketing buzz, windy blitz-babble without a ballast of revenues or earnings. But the great expectations of currently profitless companies can point you toward great opportunities. In the 1990s, as I’ve recounted before, the wise guys laughed at me and even interrupted my speeches with catcalls — literal “boos” and hoots erupting from otherwise mannerly telecom audiences — when I celebrated a new paradigm for wireless. That was Qualcomm’s CDMA (code division multiple access) “spread spectrum.” It used all the available bandwidth in every cell-site, lowering power as much as possible and differentiating calls by code. The wise guys charged that Qualcomm founders Irving Jacobs and Andrew Viterbi should be incarcerated for willfully “violating the laws of physics,” with their silly theories of lowering the power to expand the capacity and mimicking noise to enlarge flows of information. At the time, the industry’s prevailing paradigm separated channels, divided them up into narrow exclusive timeslots, and increased data rates by maximizing the power. Spread spectrum transcends physics with information. It’s the technological counterpart of supply-side, enhancing the stream of investments, as under the gold standard, by maintaining stable global money as an information carrier and measuring stick. Jacobs and Viterbi grasped that large variations in power constitute noise and obscure other signals. That’s what volatile, high-entropy monetary excesses do. They reduce information and learning and thus balk economic growth. [Top U.S. Economist George Gilder Makes New Prediction]( New Federal Rule could change America forever [Death Spiral]( about your way of life is about to change – thanks to a new rule passed by the Federal Government. How much you pay for energy… how you shop for groceries… even how much you pay for healthcare – it could all radically change. That’s according to the man dubbed “The Tech Prophet” by Forbes magazine. [Not only that, he believes it could create one of the greatest money-making opportunities in American history – click here to see why.]( [New digital infrastructure to replace our entire global financial system?]( The Low Power Paradigm The goal in both economics and communications technology is to control power and reduce it to the lowest level. One that still provides a low entropy carrier that makes the message’s bits and bytes intelligible. Operating at watts rather than kilowatts, Qualcomm was the first company optimized for the new era of low power communications. In the 1990s, the low power paradigm prevailed over high-power bandwidth. During that decade, Qualcomm became the best performing stock in the market, rising some 20,000%. Paradigms matter. I will tell you that they are the single most important factor in investment returns. Let me start with the biggest one of all, which was taught me by Carver Mead, the Caltech professor behind Moore’s Law and some 30 Silicon Valley companies. Included among the Carver companies are current “Moonshot” paradigm leaders Synaptics (SYNA) and Impinj (PI). Carver’s theme is that entrepreneurs waste what is abundant in order to conserve what is scarce. The key to successful investment is knowing the difference. All too often, people perversely waste what is scarce in order to save what is abundant. Such is the commanding principle of the “sustainability” movement — wasting the surface area of the planet, arable land, producing useless ethanol for cars. Or strewing windmills and solar panels across the limited landscape. Abundances and scarcities play out in a spiral of reciprocity, with each producing its opposite in the cycles of economic advance. In free economies, abundance always prevails when human minds are unleashed. Wireline scarcity led to a series of inventions enabling movement up spectrum into the vast domains of infrared light. That breakthrough fueled fiber optic bandwidth abundance and scarcity migrated to wireless last mile links to mobile human beings. Qualcomm was there to provide new mobile digital bandwidth abundance. Now we are supposed to believe that the future resides in a government-hyped, regulated, and auctioned regime called 5G or fifth generation wireless. This regime allocates spectrum chiefly to the leviathan telcos such as Verizon (VZ) and ATT (ATT), where you may have noticed, all the big money has been made in the stock market over recent decades. Just kidding. My observation is that all the money gets made in unlicensed spectrum. Most bits flow through Wi-Fi and fiber. More than doubling the realms of unlicensed spectrum is perhaps the largest economic contribution made by the Trump administration beyond its support for Israel and suppression of green goo government. Today’s Prophecy That’s why my prophecy is that the biggest gains over the next era will be Wi-Fi 6, 6E, and the increasing spread of fiber optics to feed it with unlimited bandwidth. Free economies prevail not by printing money but by carefully conserving and cultivating what late economist Julian Simon called the “ultimate resource,” always scarce and precious: creative human minds. Where money printers prevail, investment migrates to the most powerful printers and away from knowledge creators. Investors should place their bets not on power but on knowledge, not on materials but on human minds. The decisive scarcities are not infinite and eternal atoms but scarce and precious minds and minutes. Regards, [George Gilder] George Gilder Editor, Gilder's Daily Prophecy Secret Plot to Destroy America? doesn’t seem like we’re going to make it back from this. America’s ruling class is corrupt… Our institutions are overrun by leftist radicals… Our elections are rigged... And the rule of law no longer exists… Today, America resembles a failed state…. How did this happen? A #1 bestselling author and renowned economic analyst says it’s all happening for a [very specific reason.]( A secret societal experiment that’s happened without our consent. [Click here to see his underground research and more.]( [Three founders Publishing]( To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, feel free to [click here](. If you are having trouble receiving your Gilder's Daily Prophecy subscription, you can ensure its arrival in your mailbox by [whitelisting Gilder's Daily Prophecy](. Gilder's Daily Prophecy is committed to protecting and respecting your privacy. Please read [our Privacy Statement.]( For any further comments or concerns please email us at GildersDailyProphecy@threefounderspublishing.com. Three Founders Publishing, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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