Someone once said, “technology has never moved this fast, and at the same time, will never move this slow again.” So true! A partial list of recent technological advances includes: messenger RNA (mRNA) gene therapies, 5G wireless, blockchain, the cloud, low orbit communication satellites (Starlink), vertical indoor farming, and much more.
At the same time, the government in the United States has never been larger or more intrusive. This makes economic forecasting and investing a balancing act between the “supply side” of new technology and the “demand side” of government intervention.