Tim finds that advertising dollars remain about constant as we moved from print to web. If productivity were higher, advertisers would spend more dollars.
Tim hints at the problem. One ad hits tens times as many viewers by is 1/10 as effective. That is because the web is not micropriced, it it were, the ads would be more effective.
What do I meanmicro priced?
We wen through this, my search bot has digital bearer notes, denominated in fractions of a penny. My bot intelligently buys the content I want, as I search.
No pricing, no specialization, no increased complexity, no GDP growth..
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