Sunday, November 4, 2012

Paul Krugman 1998

"The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."............Please, explain to me again why we listen to this character.

5 comments:

  1. Because progressive simply must have something to listen to that fits their narrative?

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  2. He is pretty much down the line, you're right.

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  3. That's a real stupid statement he made.

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  4. He reminds me of that Simpsons episode where Homer said "The Internet. Is that thing still around?"

    WTG, Nobel Prize committee. You wasted an award on a clueless boob who is a lot like Homer Simpson.

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  5. They must have run out of liberal economists to give it to.

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