[marcosdumay]

Well, 1999 just called, and wants its New Economy religion back.

Most economists have never placed a foot inside a datacenter. It's easy to understand how they imagine music (or books, software, etc) does not involve a physical process.

[wcummings]

Do you think its more likely that all economists are shills who don't understand that datacenters consume power, or that economists model things on a shorter time scale than physicists?

[marcosdumay]

By this time, the current relevance of those inputs they ignore is big enough that their predictions' time horizon is somewhere on the last decades of the last century.