This matches my prior exactly. Over the last twenty or so years I've read a bunch a crap I never would have read in the old days, because in the old days I would have had to pay for a lot of it.
A big knock on economics--mostly macroeconomics, but that's another post--is a supposed lack of refutable hypotheses and accurate predictions. Well, here's Alex Tabarrok using an acclaimed microeconomic theory to make a prediction. Keep track and see how it turns out.
Guardian article dated 2/2/07. Love these bits:
But on present showing that won't stop its continuing expansion which, as the MySpace generation goes into employment, could eventually extend Murdoch's influence in ways that would make his grip on satellite television seem parochial. . . .
John Barrett of TechNewsWorld claims that MySpace is well on the way to becoming what economists call a "natural monopoly".
Oops. Double oops. Triple oops if you count that Twitter, Facebook, and Instagram are not mentioned.
I really should start a Bad Prediction Hall of Fame.
Link via Kottke.
I had thought solar roadways sounded like a good idea. But I was probably wrong.
Table gives salaries divided into "public" and "private" for NYC, LA, and SF .
Ladies and gentlemen, a man of whom Bill Gates said, "I know no one smarter than Nathan," Nathan Myhrvold:
. . . an anecdote about driving with his brother, as a teenager, and passing a “Jesus Saves” billboard in a California town. “It had this wonderful message: ‘One good wife is better than a thousand sexually voracious whores’ . . . My brother says, ‘Nathan, wait, we’re scientists, we’ve got to put this to the test. But we need a control group. Nathan, you get married!’ ”
"I've started to mine cryptocurrency, and it's surprisingly easy — but I'm still 8 months away from breaking even"
As usual, there's rarely an "easy" way to riches.
I presume that a phrase like "master plan" is supposed to be at least a little scary. I'm not scared.
Very interesting story. (Kids, these days!)
THE MOST DRAMATIC cybersecurity story of 2016 came to a quiet conclusion Friday in an Anchorage courtroom, as three young American computer savants pleaded guilty to masterminding an unprecedented botnet—powered by unsecured internet-of-things devices like security cameras and wireless routers—that unleashed sweeping attacks on key internet services around the globe last fall. What drove them wasn’t anarchist politics or shadowy ties to a nation-state. It was Minecraft.
I've tried it and it's kinda cool.