Technolog Quotes
[Another question is how to change incentives for developing the technologies in the first place.] In the automotive and consumer-electronics industries, there are incentives to develop good, cheap DVD players or good, cheap cars, ... When it comes to medical technology, there is no incentive to develop something that's pretty good but less expensive because the people who are buying it don't pay for it. It's not surprising that everyone wants a Cadillac instead of a Hyundai.
- Dana Goldman
[A new building also enabled Meade District Hospital to adopt digital imaging and other technologies that wouldn't have been possible in its old facility.] You need a lot of overhead clearance for all these technologies... The old building had a real low roof deck, and there was absolutely no room to put anything overhead. With this new design, we can continue to grow technologically. We just started an electronic medical records program. We hope to have computerized physician order entry sometime in the next year or so.
- Michael Thomas
[A more doctrinaire Fed chief wouldn't have allowed the economy to grow this fast, but Greenspan argued that technology was creating productivity gains that would allow rapid, inflation-free growth.] There were a lot of economists at the Fed who thought not tightening back then was very dangerous... The great accomplishment of the Greenspan Fed was recognizing that productivity growth would allow the economy to grow at a faster rate.
- Janet Yellen
...we think it's about giving consumers choice, we think it's about not necessarily asking them to pay over the odds for a technology that, at the moment, is unproven. It's an interesting bet to play -- we're watching what goes on, but I think we're offering a broader, more flexible choice that doesn't burden the consumer with a cost element that may be wasted.
- Chris Lewis
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