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September 27, 2021 | Friends – Who Needs Them?

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

 

QUESTION:  Marty, computers in schools started to appear in the ’90’s. Do you see any relationship between societal shifts and classroom learning? Bill Gates influence?

LP

ANSWER: I don’t think so. I outfitted the grade school I went to with computers in the early 90s. I think it improved their skills to be able to function in the 21st century. However, the introduction of smartphones has changed the game. Now a 7-year-old is teaching their mother, who was in those classes in the 90s, how to forward and take pictures. There are a lot of studies now showing that young adults have fewer friends. Then there are studies saying that the average American has not made a new friend in 5 years.

I live on the beach. I see people walking the beach alone while on the phone. It is rather strange.

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September 27th, 2021

Posted In: Armstrong Economics

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