One of a series of three depressions, the Long of 1870, the Great of 1930 and this one. Where have we heard that before? Oh yes, this blog for about two years.
Well, I suggested two years ago we call this the Mini Depression. What do all these depressions have in common? Information technology drives us to adopt better transportation grids. I would call this the Mini depression because we have very little infrastructure to build, we simply have to provide digital controls to the asphalt roads we have. The Great depression was great because we needed 500,000 miles of roads to overcome the technology shock of commercial radio.
I further suggest that we define a Depression to be a transformation of the transportation grid.
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