“The war between the centrifuge of knowledge and the centripetal pull of power remains the prime conflict in all economies.”
“Profits differentiate between the normally predictable yield of commodities and the unexpected returns of creativity.”
“Dwelling on liabilities rather than assets, the economists almost completely missed the fabulous experience curve in the data of growth.”
Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, and the blunt power of government on the other. The knowledge of entrepreneurs, and their freedom to share and use that knowledge, are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize or suppress knowledge and ideas is the inertia that slows those gears down, or keeps them from turning at all.