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To: muawiyah

“Robotics and computerization will continue to reduce the cost of things ~ and we’ve just gotten started on that process ~ which is 100% deflationary. I think what you are up against is using Old Economics that assumes the utility of money to evaluate New Economic conditions that work with or without money.”

I think you’re really on to something here, and I would add that the real costs associated with food production are getting much lower too. Still, even if economic conditions are starting to work with or without money, how does an individual function (or survive) within this new paradigm without money?


9 posted on 08/03/2010 2:51:18 PM PDT by Texan Tory
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To: Texan Tory
"...how does an individual function (or survive) within this new paradigm without money?"

The government will calculate what you need and send you a check. Don't do anything, go sit on the porch and wait for your check. If it doesn't come, riot.

11 posted on 08/03/2010 3:14:40 PM PDT by blam
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