It is hard to recall what we were thinking about a year ago, five years ago, and ten years ago. What were the great events, the human triumphs, the impending disasters?...The velocity of events is so enormous, and the rate of change in the world so great, that it is hard to recall what we were all concentrating on only yesterday....

Since we are the prisoners of what we know, often we are unable even to imagine what we don't know....Man, given the proper initiative and freedom to act, has repeatedly found alternatives to ambiguity and doom.

Using experts to study and predict has a long tradition....Such commissions often have an enviable record of telling us what happened and why, but a lamentable score when they proceed from there to telling us what will happen next....

Perspective is the best antidote for hysteria about passing problems. It is also a check upon grandiose plans that are touted from time to time as having repealed the laws of economics....

Since, some very excellent economists have been dead wrong in their judgments about the future of the American economy, their mistakes may have flowed from using words and concepts that are no longer applicable to the real world....

If capital is what produces a stream of income, then it follows that knowledge is a form of capital....With the total stock of knowledge doubling about every ten years, it is clear that our intellectual capital is being formed far more rapidly than tangible capital....Knowledge and information are becoming the new capital in today's world. It's a new world, a global world.