"At the intersection of programming, economics, cryptography, distributed systems, information theory, and math, you will find Vitalik Buterin, who has managed to synthesize insights across those fields into successful, real-world applications like Ethereum, which aims to decentralize the Internet."
"That the Treasury Department, Federal Reserve, BIS, JPMorganChase, and IMF refuse to answer the questions spelled out here shows that they fear that exposure can beat them."
"Global foreign direct investment flows were down 18% in 2017 from the previous year and nearly 24% from its post-recession high in 2015, which the OECD attributed to a surge in financial and corporate restructuring."
"Bringing in more tax revenues doesn’t help if spending goes up even faster. And that has, unfortunately, been the case, as the GOP-controlled Congress has gone on a spending spree."
"Thank the Trump tariffs on imported washing machines, washing machine parts, steel, and aluminum for the largest three-month price increase—16.4% from February to May this year—in the 40-year history of the Bureau of Labor Statistics (BLS) series for Major Appliances: Laundry Equipment."
"The major culprits in Malaysia’s epic 1MDB financial scandal may already have destroyed much of the evidence against them but newly minted Finance Minister Lim Guan Eng is confident a global money trail will reveal the truth."
"Chinese tech isn’t an imitation of its American counterpart. It’s a completely different universe."
"In turning to greater use of emigration controls, the US is embracing ever greater control of its domestic population and its resources. Such oversight of US citizens, however, was almost completely unknown in the nineteenth century."
"The disputed projects span a range, from building facial-recognition technology that could be deployed on unsuspecting people in public to providing computer services that a few years ago would have been run on a machine inside the Pentagon."
"Seven years after its secretive launch, X is starting to spawn mind-blowing companies—and show us what an ever expanding Google means for the world."