“Human beings can become so enthusiastic about a technological breakthrough that it sometimes ends up with too much enthusiasm, which we then call hysteria or a bubble. In a certain way, bubbles are very well known to provoke a lot of damage financially, but in fact the progress that we make as human beings and as an economy, often goes through bubbles, through massive hysteria and optimism about new technologies, about something new. Then people invest massively in this new technology, and we call that ‘a bubble’. But on the other hand it’s also a breakthrough, a step-up to a better economy.”

Geert Noels, Economist and Author