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To: Southack
Deflation will happen as a direct consequence of lower costs of production, delivery, and sale brought about by mechanization, automation, robotics, computerization and improved methods (smart guys thinking about it).

The United States currently has 20 million people unemployed as a consequence of these processes. We'll probably end up with another 20 million unemployed from the same processes in just a decade.

We have to figure out how to keep folks employed and paid.

22 posted on 05/14/2012 4:03:01 AM PDT by muawiyah
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To: muawiyah
The United States currently has 20 million people unemployed as a consequence of these processes. We'll probably end up with another 20 million unemployed from the same processes in just a decade. We have to figure out how to keep folks employed and paid.

How about the Post Office?

;^)

24 posted on 05/14/2012 4:07:16 AM PDT by Lazamataz (To the wall, street occupiers!!!!!)
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