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I would not hesitate to say I was addicted to the Internet in the first two years. It can be addictive, and things not taken in moderation have negative effects. But the alarmism around 'Facebook is changing our brains' strikes me as a kind of historical trick. Because we now know from brain science that everything changes our brains.

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Good economic policy requires not so much the bravado to implement drastic change as the strength and wisdom to make reasonable trade-offs over the many years it takes to transform a country's standard of living.

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