Posted 4 years ago on Nov. 12, 2012, 3:07 p.m. EST by stevebol
from Milwaukee, WI
This content is user submitted and not an official statement
I never took economics and don't know a thing about it but here goes. Take a penny and double the amount everyday for a month. What happens after about 20 days? You start getting rich. Moore's Law works somewhat the same way. In the early 90's, say we were at around day 15. The remaining days left of the month could describe the digital bubble. Somewhere around the year 2000- 2006 the bubble burst. Now we're screwed. Wonder what happened to the economy? We've been living according to Moore's Law.
Moore's Law states that the speed of computer processors doubles every 18 months. When you base an economy on this mindset it is destined to fail at some point.