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To: Harry Landsiedel who wrote (135780)5/22/2001 7:46:27 AM
From: GVTucker  Read Replies (2) | Respond to of 186894
 
Harry, the quote I liked best in Grove's Wired interview was this:

I have this vague feeling that, just as every generation thinks it
invented sex, every generation thinks it created a new
economy. The economy has always had cycles of supply and
demand, undercapacity and overcapacity, boom and bust.
Maybe a year ago someone could have argued that we have
eliminated cycles. Well, that's obviously wrong now. All you can
argue is different is that this new technology has increased
productivity and therefore nudged up the noninflationary growth
rate.