We need better measures of people's expectations and levels of satisfaction, of how they spend their time, of their relations with other people... We need to focus on stocks as much as on flows, and we need to broaden the range of assets that we consider important to sustain our well-being.
I didn't mean for it to cause such a furor, but I was the first guy to ever do the national anthem with a guitar. Everyone else had the big brass band. Nowadays it's tracks that they sing to, but in my day, we had no tracks. And I was the only orchestra that I knew that was the best orchestra and that was me and my guitar.