With the exception of computers, most of the economic growth of the 20th century was centered in wasteful areas: runaway suburbanization, military Keynesianism

With the exception of computers, most of the economic growth of the 20th century was centered in wasteful areas: runaway suburbanization, military Keynesianism and useless wars, etc. Funny that the kooks on the Austrian side of the debate predicted precisely that: that debt-based fiat currencies would encourage waste. I also find it very interesting that the Internet -- one of the few pieces of not-so-malinvestment that the 20th century produced -- really seems to "want" a currency like Bitcoin.