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- I wanted feedback on this idea.
- I will be on the @Benzinga #PreMarket Prep show tomorrow at 9 a.m. EST! Tune in here: http://bit.ly/1RXB5uD
- History and Prospects of Private Money - Lawrence H. White
- #JanetYellen is still pretending the Fed will eventually allow its balance sheet to shrink. It won't shrink, it will explode to new highs!
- My latest interview with Stefan Molyneux – The State of the Union: A Big Joke on the American People @SchiffGold https://t.co/IIinBwx08k
- Broken Windows
- If food and energy prices being too low really threatens Europe, why not just raise taxes on those items? Problem solved. No QE necessary!
- What do you think about future possible scenario of World economy development based on the article below
- Pick your poison Hillary or Trump?
- #janetYellen claims if the economy falters the Fed has the same tools it always had. Too bad printing money and buying bonds never worked!
Sunday, August 23, 2015
What if the Luddite fallacy isn't a fallacy forever?
Personally I'm not fond of the neoluddite freak out going on right now, but I do think there is a little truth to it. It's pretty logical that we have been working toward a low-effort high yield economy. So it only makes sense that underemployment is becoming a trend. I personally believe the emerging gig/sharing/freelance economy is a natural market reaction. But the problem is that in the long term these jobs will become more and more subjective, to the point where a human presence would be pure novelty. Not to say we're anywhere near the point of a novelty economy, but it's definitely worth planning ahead of. I'm asking here because the only thing I ever hear as a solution is UBIG, reverse income tax and citizens dividend. Some even say that we'll naturally abandon money all together. Not to say I would reject money for nothing, but when all is said and done it may be too much to ask and abolishing money would take a catastrophic transition.