Official Google answer: Is it a good thing to put 'nofollow' in links to a disclaimer, privacy statement and other pages like that with the internal PageRank in mind?

Question:

Is it a good thing to put 'nofollow' in links to a disclaimer, privacy statement and other pages like that with the internal PageRank in mind? I hear different stories about this.

Google's Matt Cutts answers:

Summary of the answer:

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Question

Views

Regarding "nofollow" on internal links: Does it hurt?

1,003

Does Google see automatically generated content as a bad thing (i.e. spam)?

1,145

Is there a good way to kick off a feed in Google Reader by doing something like temporarily making the feed include a whole bunch of old content?

699

Will SEO still exist in 5 years?

3,565

What are your views on 'PageRank sculpting'?

947