Mildly Interesting

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In 1998, Paul Krugman predicted the internet's impact on the economy would be no greater than the fax machine's (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 year ago

@deong

@AlmightySnoo @carl_dungeon

Certainly not a brilliant prediction, but it's hindsight that takes it from "pretty mediocre take" to "comically stupid".

The quote points out exactly why an expert in one field, economics, shouldn’t be assumed to be an expert in adjacent fields, how technological progression will make new forms of business possible