What Have We Learned a Year After NASDAQ Hit 5,000?
January 21, 2002 by Ray Kurzweil

The current recession reflects failure to develop realistic models of the pace at which new information-based technologies emerge and the overall acceleration of the flow of information. But in the longer-range view, recessions and recoveries reflect a relatively minor variability compared to the far more important trend of the underlying exponential growth of the economy.… read more