Also posted to Mish Shedlock’s blog and Steve Keen’s latest youtube video:

Every economist and pundit is a nascent social crediter…and you’re only blowing smoke if you think AI and Robotics isn’t proof. The inexorable logics of profit making systems, innovation and AI/Robotics is each efficiency. Profits efficiency of cost (think labor costs), innovation efficiency of effort and AI/Robotics efficiency of human input at all. You’re not going to stop any of these outside of transforming the paradigm of Debt with a new consumer financial paradigm of monetary grace the free gift.
And the truly ironic thing is that both Austrians-libertarians and all other advocates of profit making systems who also can’t seem to see past the paradigm of Debt….are actually unconsciously working FOR a socialist work state. Mish and his buddy Steve Keen are both unconscious socialists. Sorry to burst your mutual orthodox bubbles, and you can block me and scorn me all you want, but without the above new paradigm you aren’t going to be able to avoid that truth and that inevitable trend. Its either the leisure society or the vulgar, dominating and manipulative future of the triumph of socialism, Finance and their paradigm of Debt.