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In 1998, Krugman also predicted that "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."
by forgingahead 14y ago
In 1998, Krugman also predicted that "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."
http://web.archive.org/web/19980610100009/www.redherring.com/mag/issue55/economics.html http://web.archive.org/web/19980610100009/www.redherring.com...
- squid_ca 14y agoThat has nothing to do with whether he is right or wrong about this issue, though.
- gwern 14y agohttp://www.reddit.com/r/Bitcoin/comments/1bl0jd/in_2011_paul_krugman_said_bitcoin_was_stupid_in/c983uq7 http://www.reddit.com/r/Bitcoin/comments/1bl0jd/in_2011_paul...
- hatu 14y agoFunny how the title of the article is "Why most economists' predictions are wrong." I think he's really out of his element, making more technological than a economical prediction.