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But if we set our minds to improving technology, we can improve it in a direction that seems import
But if we set our minds to improving technology, we can improve it in a direction that seems import
But if we set our minds to improving technology, we can improve it in a direction that seems import
But if we set our minds to improving technology, we can improve it in a direction that seems import
But if we set our minds to improving technology, we can improve it in a direction that seems import
But if we set our minds to improving technology, we can improve it in a direction that seems import
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Paul Romer:
Well, one of the things I should tell you is that if you look at the very long sweep of history whaPaul Romer:
But when I think about, say, a pharmaceutical that might help keep my mind sharp in 20 years or 30Paul Romer:
The economy is this huge innovation discovery machine. What the government can do usefully is to foPaul Romer:
Fracking is an amazing instance of discovery of many things that come together to make it much cheaPaul Romer:
There are new things we need to do in the labor market, in education, and in thinking about the futPaul Romer:
One of the most powerful insights in economics is this idea of a division of labor. You do the thinPaul Romer:
Unfortunately, we don't have a bankruptcy process. Suppose the state actually just gets to the poinPaul Romer:
We live in a much more interconnected world now, and that means that it's more fragile than we realPaul Romer:
What we've underestimated is the systemic risk that that very finely tuned system of specializationPaul Romer:
The gains from specialization go all the way back to Adam Smith. He talked about the advantage of a