Quotation of the day: Pessimists are wrong
“Pessimists may be paying too little attention to the strength of the underlying economic and social forces that generate innovation in the modern world, Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history. As trade and globalization increase the size of the potential market for new products, the possible economic rewards for being first with an innovative product or process are growing rapidly.”Update:
~Ben Bernanke
Ben Bernanke, Optimist: The Rest of the Story
