The disparity of political partisanship has seemingly reached a boiling point in the United States; though, it is truly unjustified. Continue reading “Taxation, Land, and Pareto”
Category: oil
Tesla’s Worst Nightmare
In his inaugural address, President Franklin D. Roosevelt said the famous words, “…the only thing we have to fear is fear itself…” It is one of the most quoted lines in history; however, the next part of his speech is commonly overlooked: “…nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.” The “needed efforts” that FDR spoke of can be epitomized by the exertion of humanity to lift the comforts of normality and push forward with new technological progress. Society needs to embrace the newness of progress or we will prevent what economist Joseph Schumpeter called “creative destruction.” Creative destruction is the process of new innovation replacing the old; it is the conversion of retreating into advancing.
Continue reading “Tesla’s Worst Nightmare”
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