What was said. Why it mattered. How the internet reacted.

"To replace the US dollar as the world's primary reserve asset, you need an alternative economy that provides equally deep, completely open, and legally predictable sovereign bond markets. Neither the Euro nor the Chinese Renminbi currently offers that institutional combination, which is why the dollar will remain dominant for at least the next twenty years."

"If you look at how human children learn, they don't consume 10 trillion words to understand gravity. They drop a cup. They interact with an actual dynamic environment."