ravi wrote:
As a lowly geek, I watched in wonder as bankers and economists (and people like Greenspan, so I don't mean just investment bankers) ran up the .com boom in the late 90s. Each time I tried to open my mouth, "But..." someone would respond "Well, this is the new economy... you just don't get it".
Hey, I wrote a whole book about that - one that takes a long look at the productivity numbers. You could refute their case (in real time, not in retrospect) using those very numbers. In fact, the New Economy moment was a bunch of know-nothing cheerleading that carried on in defiance of evidence like economic stats. Doug
