Apparently an actual statement by someone who wants to design our economy.

H/t to Kathleen:

Twitter - @kaymccaffrey - Krugman 1998

Here’s the link, and the full quote:

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.

As far as I can tell, it’s for real.

But if not, it should be, as someone once said.


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