The Progress of Entrepreneurial Knowledge and Learning

Prophetic words of wisdom inside… [Gilder's Daily Prophecy] March 31, 2021 [UNSUBSCRIBE]( | [ARCHIVES]( External Advertisement This Is the Moment Cryptos Will Officially Be Mainstream… [Jackpot]( major event could be coming to cryptos in 2021… It’s all thanks to a new type of crypto one expert calls “Tech Royalties.” Teeka Tiwari has followed the development of “Tech Royalties” from the beginning. And now, he’s brought his discovery to the public in his: “Tech Royalty” Summit [Click here for the official replay]( [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! The Progress of Entrepreneurial Knowledge and Learning [George Gilder]Dear Daily Prophecy Reader, I suggest reading yesterday’s Daily Prophecy prior to diving into todays. Go [here]( to catch up. Moving on… You’ll recall that Pooley warns that “2021 may be a different story.” It really depends on how COVID effected our velocity on the planet's learning curves. Pooley writes: We know that the printing machine is set to turbo. The question is will wages increase faster than prices. If so, time prices will decline. Below is a chart going back to 1960 of 37 commodities tracked by the World Bank. We used GDP per Capita per Hour worked as the denominator to calculate time prices. What it indicates is that resource abundance has been increasing at a compound annual rate of around 4.8%, but it has been a roller coaster. [Chart] Look at how smooth the increase in abundance was from 1960 to 1972. [What's Next For America? We Asked George Gilder...]( Have you heard George Gilder’s latest extraordinary prediction yet? [Crystal ball]( was dubbed the “Tech Prophet” by Forbes… once won the White House Award for Entrepreneurial Excellence… and his work is respected by tech insiders like Bill Gates and former Google CEO Eric Schmidt… And recently, Gilder went on camera to explain how a new tech revolution is about to hit America… one that could unleash up to $15.1 trillion in new wealth. According to Gilder, if you don’t understand this new tech you could miss out on one of the greatest moneymaking opportunities for thirty five years. [Get more details here.]( The 1970s pattern… [suggests] that prices may rise faster than wages, but wages will catch up. This wrenching period of inflation also spawns innovation through learning curves. The oil shock and Nixon's August 15, 1971 abdication of the gold standard sent us into a steep decline. Looks like two years later we stopped the bleeding and started to recover. Under Reagan we were moving back to the long run trend. I would argue it was the combination of freedom and stable currency. The end of the Cold War gave us a couple of boosts and then came 9/11 and the housing crash. We started to climb out in 2012 and had been doing very well until COVID. COVID seems to have released a pandemic of inflation, a much greater threat to humanity's confidence in the future than a bad flu. I would hope our internet economy will adjust to the new cash much faster than before, but I don't know. If we can innovate value from all of the new learning generated in medicine, COVID could be a blessing. But our greatest threat is the fear and panic we've seen from our political class. Note that we have spent more to fight COVID than we did to fight WWII. Wars always generate inflation but can also create innovation if we don't restrict human freedom to learn. Expect the next few years to have some rough seas in terms on monetary gyrations, but let's hope we can stay active on the learning curves. If we can, time prices should continue to fall, but we might see a repeat of 1972-1974 and 2000-2012. Our troubles could last for 2-12 years. 9/11, the War on Terror and the financial crisis all combined to prolong the agony from 2001 to 2012. I don't worry about inflation as much as I worry about learning. We can adjust to inflation, but we suffocate without learning. Prophetic words of wisdom from Gale Pooley. The key insight is that this is a global economy. [What 5G wireless carriers are not telling you...]( Today’s Prophecy Since 1980, the Chinese saved world prosperity by growing three times faster than the U.S. measured by time prices, and Israel and Silicon Valley pioneered the new technologies that currently enrich our lives. So why not fight against China? The health of the state is always war. If the politicians can’t manage to launch real wars, they make do with spurious wars, as today against viruses and carbon molecules and inequality. But real war is still possible. Hey, why not tweak and probe the Chinese communists on the nerve endings of their most avid national goal, Taiwan? Or jazz up the jihad against Israel, source of much of our innovation and technology? But history tells us that even amid the fogs of war, the obnubilations of statist banks, and the darkness of time, power can rarely eclipse the progress of entrepreneurial knowledge and learning. Regards, [George Gilder] George Gilder Editor, Gilder's Daily Prophecy Shocking Nighttime Footage Caught Off Florida Coast [video: click to play]( the evening of Thurs, Jan 7 — just after 9:00 pm local time… One of our researchers caught the following footage off the coast of St. Lucie Co., FL. This strange orange orb you see floating upwards isn’t fireworks… And no, it’s certainly not aliens. For the shocking answer of what’s behind this glowing fireball off the coast… And the full story of how one world-famous billionaire is using what you see in this footage to transform the American economy forever… [>> SHOCKING video exposes potential $1.013 trillion scandal… click here now <<]( [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. Nothing in this e-mail should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. © 2021 Three Founders Publishing, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Three Founders Publishing, LLC. EMAIL REFERENCE ID: 401GDPED01