"by 2005, it will become clear that the Internet's effect on the economy will be no greater than the fax machine's"<br>- Paul Krugman<br><br>While I appreciate the intro, I find it very difficult to take someone seriously that speaks this far out of their realm of expertise.,(reply>), He looked at the productivity numbers and didn't saw the trend that happenned in past waves. It took more time for the effects of IT to appear. He was wrong, and the 90s were a time of large productivity gains. He admits that. <br><br>But he is generally excellent with a lot of great papers behind him and about 5 really impressive papers on international trade, economic geography, liquidity trap economics and currency crises. In addition to that he is incredibly well-read. A great intellectual. You dont know what you are talking about.,(reply>), @Mark Service Yeah because you have traveled to the future and know what's gonna happen LOL,(reply>), Just as myopic Paul Krugman was about the potential of the Internet, he seems just as myopic about the coming risks/dangerous potential of A.I. Machine Learning.,(reply>), How is he talking out of his real of expertise?? The talk is about economics. He is a nobel prize winner in economics... One bad prediction and you stop listening to smart people??