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Stiffen your sinews if you hear this one.
A laundry list of times everyone agreed it was different, but it wasn’t:
- The elimination of boom and bust — © Gordon Brown, April 2000.
- How you value businesses without reference to cashflow or profitability — © every investment banker ever, in the run-up to the dotcom bust in 2000
- We have efficiently allocated risk to those best placed to bear it through credit derivatives — © every investment banker ever, in the run-up to the global financial crisis, 2004-8
- Mark-to-market accounting of future income streams in a market that doesn’t exist yet is sensible — © Arthur Andersen[1] Jeff Skilling and the crazy gang at Enron, continually up to October 2001
- The Singularity is definitely going to happen, and the universe will wake up, rewriting the laws of physics as we know them etc. © Ray Kurzweil, 2005.
- Software is eating the world: © Marc Andreessen, 2009
- The machines are going to take over, breed us in slimy pods as battery fuel for Skynet which the machines will need because um they just will. Look! Chess-playing supercomputers! —© Daniel Susskind, A World Without Work
See also