Paul Krugman also said: “The growth of the Internet will slow drastically… By 2005 or so, it will become clear that the Internet’s impact on the economy has be

Paul Krugman also said: “The growth of the Internet will slow drastically… 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.” In 2002: "To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." I wouldn't put too much stock in anything Krugman says.