Mark Mills: Thank you, and thanks to the Global Interdependence Center.
The putative title of my talk is "The Technology of Money" because most of this conference so far has been about crypto, but I don't want to talk about the machines that facilitate finance - that facilitate transactions - that can trade wealth. Those machines are tabulators. I contrast these with tractors, which I'll get to in a moment.
In 1952, for the first time in human history, a machine tabulated an election result. Walter Cronkite hesitated to release the results because the machine predicted that Eisenhower would win. He thought all the experts were right that Adlai Stevenson would win. He was wrong, the machine was right.
Continue reading the entire piece here at Newsletter: Laurence B. Siegel
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Mark P. Mills is a senior fellow at the Manhattan Institute; a partner in Cottonwood Venture Partners, an energy-tech venture fund.
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