Technology does not boost the economy

  The problem is always monetary. It has little to do with technology. The economy does not stall because you have a cash rich consumer base who is just desperate to buy something if only businesses could come up with something worth buying. That is never the problem. The problem is always because the consumer does not have any money. He or she is always willing, but the consumer is simply unable.

  Trying to sell a new gizmo in an economically depressed consumer base is not going to get you very far. 

  Businesses need capital in order to operate a business, consumers need capital to purchase those products. That capital can only come from new grants and loans issued by the nations' banks.

  What creates wealth in human psychology is monetary expansion. Without monetary expansion, the result is just loss. The tech bubble helped expand and connect telephone, cable, and satellite communication between desk tops and notebooks. However, monetary wise, the tech bubble overall was a total loss. The Nasdaq lost 5 trillion dollars of investors' money. Some people became billionaires as a result of the bubble, but  investors lost trillions. So the tech bubble in the aggregate was a total monetary loss.

The Stock Market Crash of 2000-2002 caused the loss of $5 trillion in the market value of companies from March 2000 to October 2002.^[13]

  Even to this day the Nasdaq is still sitting in the negative. It may have created billionaires like bill gates, but in totality, more people lost money from the tech bubble than they made money. In general, investors never made return on investment.

  Sure, it would be great to have flying cars, and genetically modified food that makes corn taste like sugar cane and butter sticks. Whatever floats your boat.

 But the economy does not run on the bartering of goods and services. It runs on money. These products require money to produce and money to purchase. If producing more sugar candy/butter corn meant I could barter it off for a flying car. The economy would be great. But goods and services are not currency, only legal tender is.

  If we had to break it down to something very simplistic and base. The only thing that is truly profitable is monetary expansion and inflation. Because it was not the technology that boosted the economy, it was the inflation from all the tech bubble spending pouring in, that boosted the economy.