The inner sort of consumer identity got the best of people. And everybody just wants things for free. And that's created this strange kind of cheapness to everything, where everything becomes throwaway. And people, I think, have started to undervalue things, maybe because there's too much, maybe because it's too easy to make, but I think mostly just because, somehow, that's the pattern that got set. And I think that's regrettable.

The definition of the problem, rather than its solution, will be the scarce resource in the future.

Having seen a non-market economy, I suddenly understood much better what I liked about a market economy.

It's not that you have jobs on the Internet, but the Internet makes it possible for more people to build their own jobs. What it does is, it erodes the power of institutions. It used to be you needed an institution to have a job. But, if you look at the three of us on this show, I don't think any of us is really employed by an institution. We run our own lives.

Part of the problem is when we bring in a new technology we expect it to be perfect in a way that we don't expect the world that we're familiar with to be perfect.

The best investor is your customer.

I think I have the right to know what Steve Forbes paid in taxes - I don't think there should be a law. I think there should be a presumption. I wouldn't vote for a guy who wouldn't reveal what he paid in taxes. That kind of thing.