A Quote by Tim Harford
Failure's inevitable. It happens all the time in a complex economy. And how did the economy produce all these amazing things that we have around us, computers and cell phones and so on? Well, the process was trial and error. There were a bunch of ideas, and the good ones grew and prospered, and the bad ones were pretty ruthlessly weeded out.
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How did the economy produce all these amazing things that we have around us - computers and cell phones and so on? There were a bunch of ideas, and the good ones grew and prospered. And the bad ones were pretty ruthlessly weeded out.
Failure is inevitable; it happens all the time in a complex economy.
Science advances by trial and error. When mistakes are made, the peer-review publication process usually roots them out. Cuccinelli's version of the scientific process would be "make an error and go to trial." Einstein did not arrive at E=mc2 in his first attempt. If he were working in the state of Virginia under Cuccinelli today, he could be jailed for his initial mistakes and perhaps never achieve that landmark equation.
It's pretty amazing to go from a world where computers were unheard of and very complex to where they're a tool of everyday life.
Cell phones were more popular in Cambodia and Uganda because they didn't have phones. We had phones in this country, and we were very late to the table. They're going to adopt e-books much faster than we do.
I think the economy in the US has surprised. The old adage is that if America sneezes, the rest of the world catches a cold. If the US economy does well, the global economy will do well.
Well, I think that when you think about the challenges we face, these are challenges that require us to look forward and not backwards. When it comes to the economy I think we have to recognize that we are now in a global economy. And that the measure of our success is: how well are we training our workers? How well are we investing in the new energy economy?
I think leaders lead themselves, but leaders have ideas and maybe they're visionary ideas. Probably today, people would say Steve Jobs was a visionary because he invented this little gadget, the cell phone. But he didn't invent cell phones, and he didn't design the cell phone. He just took a couple of ideas and put them together, and no one else put those same ideas together as successfully as he did. But he had something that he was trying to do that intrigued him, and he could do it very well.
I grew up in a community where it was not the exception to be a good girl. It was sort of expected. And all of my friends were good girls too, and my boyfriends were good boys. Everybody was pretty nice. And that affects how I write my characters. There aren't very many bad guys in my novels.
If the economy is bad, I might be bringing a lot of things in, but it's difficult to sell, and the opposite when the economy is good.
I graduated from high school in 1963. There were no computers, cell phones, Internet, credit cards, cassette tapes or cable TV.
I think the reason that the Trump economic agenda is beneficial is, he is doing the right things. He wants to see growth, he wants to see to lower taxes, he wants to see this cash pile sitting outside the US return to the US. All of these things I think will be good for the US economy, and as I've said, if the US economy grows, the global economy benefits hugely.
I was brought up in a very open, rural countryside in the middle of nowhere. There were no cell phones. If your lights went out, you were lit by candlelight for a good four days before they can get to you. And so, my imagination was crazy.
World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.
After my parents' divorce in the early seventies, I grew up with my mother, who wasn't super educated herself. But there were a lot of kids from the subcontinent in the neighbourhood, many of whom were academic achievers. So my sister and I grew up around them, and both of us did well in school.
I'm an only child and grew up in a bad neighborhood. My parents weren't well-off, but they would save up to get me video games. Games were something I did because I couldn't really go outside where bad things were going on.
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