Many users dismissed Paul Krugman's 1998 internet forecasts as consistently wrong or incompetent, while a few highlighted AI's potential to drive new prosperity through demand for power and chips.
Based on 16 visible X reactions from 19 accounts; directional sample.
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Exactly. The pessimistic view keeps underestimating how general-purpose technologies compound. AI will not just replace labor or stay inside software. It will create enormous new physical demand — compute, energy, grids, chips, cooling, land, minerals and automated infrastructure. That may be the next great prosperity cycle.
@jacobsha_macro @stevesi What you consider pluses are actually huge minuses. Hyperscale data centers gobble up scarce land, water, power & have caused a massive misdirection of resources to the bubble at the expense of every consumer device that needs memory. For what? Surveillance & AI slop pabalum.
@stevesi This is why I use the term Super Prosperity Phase. Before AI becomes physically autonomous, it must create enormous demand for power, chips, cooling, land, minerals, memory and automated infrastructure. The risk is waste. The opportunity is a new productivity cycle.
@stevesi Anyone who took Krugman seriously at any point was fooling themselves most of all.
Many users dismissed Paul Krugman's 1998 internet forecasts as consistently wrong or incompetent, while a few highlighted AI's potential to drive new prosperity through demand for power and chips.
Based on 16 visible X reactions from 19 accounts; directional sample.
Ask a question below.
Published answers will appear here.
Paul Krugman – Reliably Wrong™