Reihan Salam discusses Charles Kenny’s assertions about Internet access and growth.
From the article:
Charles Kenny argues that while the Internet has changed the way we spend our leisure time and consume, it has had only a limited impact on economic growth.
Kenny is a skilled debunker, and his column is well worth reading. And he frankly sets up an easy target — the Internet alone will not deliver “an unprecedented period of sustainable, rapid growth,” as President Clinton’s Council of Economic Advisors hoped it might in 2000, particularly if the market democracies pursue destructive monetary and fiscal policies. But there are a few points worth keeping in mind:
Read it here.
