Here's a little gem. This goes to reaffirm my running hypothesis that there is some serious coziness between Google and CIA (or US intelligence more broadly). In principle, I don't see anything wrong with the idea but I think they've got it turned around backwards. They want to predict what you and I are going to be doing. That's easy. We'll wake up in the morning, go to work, eat lunch, go back to work, go to the gym, go home, watch TV, eat dinner, relax and then go to bed. Repeat. Peons have very predictable lives. A much more interesting (and useful) problem to solve is what the wealthiest and most powerful individuals will be doing with themselves. What choices will they next make? For that, you'll likely need a crystal ball.
Actually, it should have gone to the dogs, but didn't. I'm talking about Leona Helmsley's estate , of course. The contract clause of the Constitution says, "No State shall ... pass any ... Law impairing the Obligation of Contracts..." This means that private contracts cannot be changed by legislative edict. This clause is incredibly important because the willingness of private individuals to engage in profitable enterprise - which is the foundation of social welfare - crucially depends on their belief that they can realize a profit. In turn, their belief that they can realize a profit depends on their belief that they can hold parties to a contract liable to the terms in the contract. For example, lenders must have confidence that they can repossess the collateral for a loan if the loan is defaulted on. Otherwise, they will not take the risk of giving the loan in the first place. When lenders are too scared to lend, everyone is worse off. In the case of Leona Hel...
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