Think of this as Volume 18, Number 42 of the newsletter I have written weekly since March, 1997. Enjoy.
Our decade reads like a bizarro version of the 1970s. We’re going through an oil shock, but it’s in reverse.
The 1970s were vulnerable to such a shock due to the nature of the economy. We were a manufacturing economy. Inputs of raw materials and wages determined prices and profits.
But beneath the headlines a new kind of economy was being born, one based on Moore’s Law.