Financial warfare has now officially come to war’s center stage – a stage that for thousands of years has been occupied only by soldiers and weapons. We believe that before long, “financial warfare” will undoubtedly be an entry in the dictionaries of official military jargon. Moreover, when people revise the history books on twentieth-century warfare the section on financial warfare will command the reader’s utmost attention. Today, when nuclear weapons have already become frightening mantelpiece decorations that are losing their real operational value financial war has become a “hyperstrategic” weapon that is attracting the attention of the world. This is because financial war is easily manipulated and allows for concealed actions, and is also highly destructive.
—a passage from an essay called “The War God’s Face Has Become Indistinct,” written in 1999 by Colonels Qiao Liang and Wang Xiangsui of the Chinese People’s Liberation Army. Quoted in the excellent James Rickards book Currency Wars: The Making of the Next Global Crisis.
It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.
—Julian Simon, quoted in The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies.
A 25-ton container of coffeemakers can leave a factory in Malaysia, be loaded aboard a ship, and cover the 9,000 miles to Los Angeles in 16 days. A day later, the container is on a unit train to Chicago, where it is transferred immediately to a truck headed for Cincinnati. The 11,000-mile trip from the factory gate to the Ohio warehouse can take as little as 22 days, a rate of 500 miles per day, at a cost lower than that of a single first-class air ticket. More than likely, no one has touched the contents, or even opened the container, along the way.