Quote Of The Day

"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. "

Paul Krugman, The Red Herring (1998).

File under: I would like to have that one back.

Not quite as bad as Bob Ryan claiming Michael Jordan wasn't going to amount to anything but right up there.

If his economic predictions are this accurate everything will be okay. 

Just yet another reason A) they talk mostly out of their asses and out of place and B) they talk mostly out of their asses and know shit about the future.

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