Money is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see a new class structure divided by those who have information and those who must function out of ignorance. This new class has its power not from money, not from land, but from knowledge.

Power is not something that can be assumed or discarded at will like underwear.

The individual serves the planning system not by supplying it with savings and the resulting capital; he serves it far more by consuming its products.

We all agree that pessimism is a mark of superior intellect.

The complaints of the privileged are too often confused with the voice of the masses.

A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.

I would put primary emphasis on a good standard of living equitably distributed. It can't be equal, but one that eliminates the terrible cruelty of poverty.