Paul Krugman, most prominent big govt economist in the world, thought (in 1998) the Internet would only be as important to the economy as the fax machine (PIC)

Planners always think they know how things are going to go. And the planners are always wrong. But don’t tell them that because then they’ll get busy planning things to prove to you that “this time” they’ve got it right.

And then they fail again.