The primary sources underwriting the next American boom are primarily fiscal, not monetary. But we don't need to wait for tax reform, because transformative new hybrid technologies are already upon us. Tax reform would help scale these products to unimaginable levels, nevertheless, the American enterprise is white hot with new technologies. Let's take a look.
1. Nano-culture: We should expect nothing less than the imploding of 'the Standard Model' that animates contemporary physics. Why? Because the laws of physics are going to be challenged through biological applications. What's already in the pipeline? How about genetic research like entirely new synthetic materials like graphene, molecular electronics & extreme miniaturization. Super small sensors from quantum computing. The range of both new biological applications as well as advances in new paradigms of traditional branches of science suggests that we're at a turning point for biologically integrated nano circuitry.
2. The Cloud: Get ready for a customized world where vast new and old traditional products are designed and marketed for mass personalization from big data storage transforming the management of data into a distinct applicable commodity.
3. 3D Printing: This complete collapse of supply chains throughout entire regions of American commerce will usher in new fiscal balance sheets providing liquidity for new cottage industries procuring regionally allied hybrid product lines. Fredrick Hayek wrote of this in the 1970's when he wrote of denationalizing money back to the States effectively incentivizing regional economies.
Get ready for the atomization of the U.S. citizen! We're going to work, think, create and live in a decentralized civilization. Say farewell to a center-margin based civilization.
A note from the Author
The function of education is to teach one to think intensively and to think critically. Intelligence plus character - that is the goal of true education.