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by Chathamization 3494 days ago
That's not true. In fact, he's even brought up underestimating the impact of the internet multiple times as an example of when he was wrong. For instance:

"And what about me personally? I don’t have a turban and crystal ball hidden in a back room, and I’ve made some pretty wrong predictions in my time. The thing, however, is that all of these bad predictions involved stepping outside the models I understood. I underestimated the payoff to the internet; well, I was speculating about technology, and while that’s my right, I don’t have any special expertise."[1]

[1] http://krugman.blogs.nytimes.com/2013/06/02/non-prophet-econ...