Do we really understand just how fast technology advances over time? And the magnitude of price changes and innovations it yields?
Especially in the realm of public policy, we often obsess over today’s seemingly intractable problems without realizing that technology and economic growth often show us a way out.
In several recent presentations in Atlanta and Seattle, I’ve sought to measure the growth of a key technological input — consumer bandwidth — and to show how the pace of technological change in other arenas is likely to continue remaking our world for the better . . . if we let it.