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I don't believe in all of this web-stock madness; I know the game is rigged in favor of the VCs. My father, an accountant and small-time real-estate investor, gave me good middle-class advice when he warned me about the market: it's a crap shoot and you should put in only what you are prepared to l…

What shall we desperate knowledge workers do? Diffie asked the audience. "Organize!" he said. We need "the rise of labor again," said Whitfield Diffie, renowned cryptographer and former believer in the power of code. "We need to tighten up the relationships among knowledge workers," he said, "and b…

Days went by, then weeks. I still did not have a faucet.

People who have no choice are generally unhappy. But people with too many choices are almost as unhappy as those who have no choice at all.

And that was the state of unhappiness into which the web had lured me. [...] on the web, I was a…

[...] All this will occur, he says, because the world's systems "were put together over thirty, forty years without any adult supervision whatsoever."

The crowd applauds. It is just what they want to hear. They are like spurned lovers. All those boys we coddled with big salaries, in their tee sh…

Then Fuller says, "I read an article about how the Federal Reserve would crash everything if our work went bad. It was the first time in my life I understood everything the Federal Reserve did." He laughs uneasily. "I discovered we were kind of important."

Thirty years at the Federal Reserve, I …