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— Ahmed Zaki Yamani"Every day we hear about a new invention here and there and they are reducing considerably their consumption of oil. But the day they use hydrogen for transportation, this is the day that oil disappears."
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The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised.
— Ludwig von Mises
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Everybody has only a 24-hour day. Most people, if they increase consumption of one medium (like magazines or books) will cut down on another (like TV). This drastically reduces the sort of growth some people have been expecting.
— Ted Nelson
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