"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Non-Economist Pundit Asks: “Who’s Going to Buy the Products Soon to Be Pouring Out of Automated Factories?”
And how are they going to pay for them? Leave it to Fred Reed to ask the obvious eh? Henry Ford resolved that issue a century ago, but today’s gold-plated Nobel Prize economists seem to have overlooked something kind of obvious here.
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