Being an expert in how the economy works without understanding disruptive technology today is similar to having expertise with horses in 1895.
Times are a changing!
#Bitcoin
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Discussion
I can’t zap you. Don’t know why. Anyway I will keep trying. Keep it up!
I want to be jeff when I grow up
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It's fascinating how much people map the way one technological revolution happened to each subsequent one.
A prime example being investment in the entire "crypto space" or making analogies of "bitcoin as myspace".
First principle style reasoning is critically important with each and every one of these world shaking innovations. I personally am optimistic how it all shakes out 🧡📈
Perfect analogy
Is there any field that lets you get away without knowledge of disruptive technologies and stay on top?
A specter is haunting the modern world, the specter of crypto anarchy.
Surely Paul Krugman hasn’t got it wrong again right? Right!? 😂
Far worse than his fax machine comment was when defending that comment 10 years later…..he said that he was an economist and shouldn’t have to understand technology.
While at the same time more of the economy was driven by technology.
Insanity that people still listen to him.
It’s like the economists who think past technological advancements and their impacts on jobs will be analogous to AI. They don’t understand exponential changes and how fast and insane that’s going to be. Especially if we ever have an artificial general intelligence.
Thanks for these little nuggets! Very helpful indeed.