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Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

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In the beginning New York and I had kind of a love-hate relationship. It seemed so abrasive compared to Europe. But the transformation here in recent years is really something. I don't think I would have seen as much change if I'd lived in any other city in the world.