Bubble 2.0

From the Google story in Sunday's New York Times: new economy, zero inflation, endless economic growth:

• "a huge reduction in inefficiency everywhere"
• "reward consumers with lower prices"
• "open up opportunities for new companies"
• "Google is the realization of everything that we thought the Internet was going to be about but really wasn't until Google"

(Remember the "remove friction" claim in the eBay/Skype story?)