Ryan Joy (atxryan)

"[We] now suffer from a conspiracy of secrecy about the scale of cyber risks. No credit-card company wants to admit how often or how easily it is cheated. No bank or investment house wants to admit how close it has come to being electronically robbed. As a result, the changes in law, regulation, concept, or habit that could make online life safer don’t get discussed. Sooner or later, the cyber equivalent of 9/11 will occur—and, if the real 9/11 is a model, we will understandably, but destructively, overreact.

"Canceling military discussions and calling in the American ambassador have been two standard Chinese measures in response to previous American arms sales to Taiwan. But the announcement of restrictions on the Chinese operations of American companies involved in the arms sales represents an unusual twist."

"right now the world is awash in cheap money. So if China were to start selling dollars, there’s no reason to think it would significantly raise U.S. interest rates. It would probably weaken the dollar against other currencies — but that would be good, not bad, for U.S. competitiveness and employment. So if the Chinese do dump dollars, we should send them a thank-you note."