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I was not disappointed to find this as the top comment (at the time I viewed the article): 1998 - Another "evil" prediction from Mr. Krugman: --- The growth
by tlrobinson 13y ago
I was not disappointed to find this as the top comment (at the time I viewed the article):
1998 - Another "evil" prediction from Mr. Krugman:
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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.
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But hey, the future of the dollar might be the same as that of the fax machine ???
- swalsh 13y agoMaybe as an economist, his predictions about economics will be more accurate than his predictions about technology?
- mike_hearn 13y agoThe two cannot really be unentwined, especially not now.
- wpietri 13y agoSomebody took a careful look at that set of predictions. It's a reasonably good record: http://marginalrevolution.com/marginalrevolution/2010/12/paul-krugmans-predictions.html http://marginalrevolution.com/marginalrevolution/2010/12/pau... Your apparent heuristic of "they said one wrong thing so we can ignore them" is faulty. It just encourages the typical pundit's trick of never saying anything. I'd much rather hear from people who state things clearly and are sometimes wrong.