The computer age is over. After a global run of thirty years, it has given birth to the age of the telecosm—the world enabled and defined by new communications technology. To seek the key to great wealth and to understand the bewildering ways that high tech is restructuring our lives, look not to chip speed but to bandwidth. Bandwidth is exploding, and its abundance is the most important social and economic fact of our time.

George Gilder is one of the great technological visionaries, famous for understanding and predicting complex technologies as well as for putting it all together in a soaring view of why things change and what it means for our daily lives. He foresaw the power of fiber optics and wireless networks, the decline of the telephone regime, and the explosion of handheld computers; now, he brings you the bible of the new age of communications.

Hailed as “the guide to capitalism,” the New York Times bestseller Wealth and Poverty is one of the most influential economics books of all time and has sold more than one million copies since its first release. In this modern classic, Gilder affirms the moral superiority of free-market capitalism and explains why supply-side economics is more effective at decreasing poverty than government-regulated markets. Now, in a completely updated edition of Wealth and Poverty, Gilder compares America’s current economic challenges with its past economic problems—particularly those of the late 1970s—and explains why Obama’s big-government, redistributive policies are doing more harm than good for the poor. Making the case that supply-side economics and free market policies are—and always will be—the answer to decreasing America’s poverty rate and increasing her prosperity, Wealth and Poverty offers solutions to America’s current economic problems and hope to those who fear that our best days are behind us.

Just when our economy desperately needs a new direction, Ronald Reagan''s most quoted living author—George Gilder—is back with an all-new paradigm-shifting theory of capitalism that will upturn conventional wisdom.

America''s struggling economy needs a better philosophy than the college student''s lament, "I can''t be out of money, I still have checks in my checkbook!" We''ve tried a government spending spree, and we''ve learned it doesn''t work. Now is the time to rededicate our country to the pursuit of free-market capitalism, before we''re buried under a mound of debt and unfunded entitlements. But how do we navigate between government spending that''s too big to sustain and financial institutions that are "too big to fail?" In Knowledge and Power, George Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and growth.

Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, the blunt power of government on the other. The knowledge of entrepreneurs and their freedom to share and use that knowledge are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize, or suppress knowledge and ideas is the inertia that slows those gears down or keeps them from turning at all.

One of the twentieth century''s defining economic minds has returned with a new philosophy to carry us into the twenty-first. Knowledge and Power is a must-read for fiscal conservatives, business owners, CEOs, investors, and anyone interested in propelling America''s economy to future success.

This new book by New York Times bestselling author George Gilder tackles key questions about how monetarism distorts the economy and leads to misallocation of investment. Gilder covers a variety of topics, including Milton Friedman’s greatest “error,” money supply and velocity, the perils of high-volume trading, Bitcoin and how it mimics gold, and why a gold standard is superior to targeting based on a basket of commodities.

The computer age is over. After a global run of thirty years, it has given birth to the age of the telecosm—the world enabled and defined by new communications technology. To seek the key to great wealth and to understand the bewildering ways that high tech is restructuring our lives, look not to chip speed but to bandwidth. Bandwidth is exploding, and its abundance is the most important social and economic fact of our time.

George Gilder is one of the great technological visionaries, famous for understanding and predicting complex technologies as well as for putting it all together in a soaring view of why things change and what it means for our daily lives. He foresaw the power of fiber optics and wireless networks, the decline of the telephone regime, and the explosion of handheld computers; now, he brings you the bible of the new age of communications.

Hailed as “the guide to capitalism,” the New York Times bestseller Wealth and Poverty is one of the most influential economics books of all time and has sold more than one million copies since its first release. In this modern classic, Gilder affirms the moral superiority of free-market capitalism and explains why supply-side economics is more effective at decreasing poverty than government-regulated markets. Now, in a completely updated edition of Wealth and Poverty, Gilder compares America’s current economic challenges with its past economic problems—particularly those of the late 1970s—and explains why Obama’s big-government, redistributive policies are doing more harm than good for the poor. Making the case that supply-side economics and free market policies are—and always will be—the answer to decreasing America’s poverty rate and increasing her prosperity, Wealth and Poverty offers solutions to America’s current economic problems and hope to those who fear that our best days are behind us.

Just when our economy desperately needs a new direction, Ronald Reagan''s most quoted living author—George Gilder—is back with an all-new paradigm-shifting theory of capitalism that will upturn conventional wisdom.

America''s struggling economy needs a better philosophy than the college student''s lament, "I can''t be out of money, I still have checks in my checkbook!" We''ve tried a government spending spree, and we''ve learned it doesn''t work. Now is the time to rededicate our country to the pursuit of free-market capitalism, before we''re buried under a mound of debt and unfunded entitlements. But how do we navigate between government spending that''s too big to sustain and financial institutions that are "too big to fail?" In Knowledge and Power, George Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and growth.

Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, the blunt power of government on the other. The knowledge of entrepreneurs and their freedom to share and use that knowledge are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize, or suppress knowledge and ideas is the inertia that slows those gears down or keeps them from turning at all.

One of the twentieth century''s defining economic minds has returned with a new philosophy to carry us into the twenty-first. Knowledge and Power is a must-read for fiscal conservatives, business owners, CEOs, investors, and anyone interested in propelling America''s economy to future success.

This new book by New York Times bestselling author George Gilder tackles key questions about how monetarism distorts the economy and leads to misallocation of investment. Gilder covers a variety of topics, including Milton Friedman’s greatest “error,” money supply and velocity, the perils of high-volume trading, Bitcoin and how it mimics gold, and why a gold standard is superior to targeting based on a basket of commodities.