Are We Going to Have More Recessions?

The upside is that because intangibles scale fast, when things go wrong, it can be easy to put them right. And there is one model of stability, which is kind of the old firms carrying on and doing well. But as long as your new champions are being created as fast as your old ones are being destroyed, the level of the economy might all feel fine. Dimely: "An intangible economy can feel like a comfortable place, but it means if you don't"