#Krugfail

There is a quote attributed to Bill Gates (although research shows that it isn’t quite accurate) wherein he supposedly stated that 640k of computer memory would be enough.  It has become a line that is used to mock Bill Gates – although, again, the quote isn’t quite accurate.

Well, let’s roll the time machine back to 1998 when Paul Krugman said – and this is a direct 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.

Seriously, can we take anything this guy says seriously about the economy?  He’s a Nobel Prize winner too?

About GorT

GorT is an eight-foot-tall robot from the 51ˢᵗ Century who routinely time-travels to steal expensive technology from the future and return it to the past for retroinvention. The profits from this pay all the Gormogons’ bills, including subsidizing this website. Some of the products he has introduced from the future include oven mitts, the Guinness widget, Oxy-Clean, and Dr. Pepper. Due to his immense cybernetic brain, GorT is able to produce a post in 0.023 seconds and research it in even less time. Only ’Puter spends less time on research. GorT speaks entirely in zeros and ones, but occasionally throws in a ڭ to annoy the Volgi. He is a massive proponent of science, technology, and energy development, and enjoys nothing more than taking the Czar’s more interesting scientific theories, going into the past, publishing them as his own, and then returning to take credit for them. He is the only Gormogon who is capable of doing math. Possessed of incredible strength, he understands the awesome responsibility that follows and only uses it to hurt people.