Education is still, in spite of private education, a state matter.

Venture capital has done much more, I think, to improve efficiency than anything.

Evolutionary theory tends to explain quite well in retrospect how various species emerged. It's not very good on prediction. Nevertheless, one cannot say that there isn't a lot of knowledge that's been obtained in this field. In the same way, with these complex physical phenomena between solid state physics, you can say a lot of things without necessarily knowing the next step.

One thing I learned from meteorology is that being an actual science was no guarantee of exactness.

Education is still, in spite of private education, a state matter.

One doesn't like instabilities in markets; they may be damaging, but probably not fatal, as the October '87 crash showed. It turned out to be essentially inconsequential. So if that's true, I'm not very worried about the welfare of those who are investing any more than I am about the welfare of those who go into casinos.

Vast ills have followed a belief in certainty.