Internet of things will save the US from the great stagnation

Innovation guru Michael Mandel figures that the “internet of things”—the increasing number of machines equipped with internet-connected sensors—will expand the US economy by $600 billion and $1.4 trillion in 2025, roughly the equivalent of boosting GDP by 2% to 5% over the intervening time period. That could be the difference between so-so growth to the kind of stable growth that drives down debt and unemployment.