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You're so wrong it hurts. Please go find any economist on the planet and they'll be happy to explain why your layman's interpretation is wrong. In the meantime
by williamcotton 11y ago
You're so wrong it hurts. Please go find any economist on the planet and they'll be happy to explain why your layman's interpretation is wrong.
In the meantime, please read my other comments in this post, as I don't need to keep making the same arguments, but also read the comments on Tyler Cowen's blog:
http://marginalrevolution.com/marginalrevolution/2016/03/the-new-brookings-paper-on-the-productivity-slowdown.html http://marginalrevolution.com/marginalrevolution/2016/03/the...
http://marginalrevolution.com/marginalrevolution/2016/03/productivity-slowdown-or-measurement-problem.html http://marginalrevolution.com/marginalrevolution/2016/03/pro...
http://marginalrevolution.com/marginalrevolution/2016/03/how-much-are-free-apps-worth.html http://marginalrevolution.com/marginalrevolution/2016/03/how...
Marc Andreessen is not an economist and he's also an investor in the companies that he is saying are providing mysterious new productivity that "old economics" can't measure.
Come on, you've got to be able to recognize these kinds of conflicts of interests...