Being fully in present Time according to sages since time immemorial is an intensely wonderful experience, unless of course you’re suffering from post traumatic stress disorder and you’re every present moment is one that is extremely unpleasant….and you are stuck in it. The truth is that the economy is inherently stuck in a moment to moment very stressful state known as a scarcity of total individual incomes in ratio to total costs and so prices. That means that if we were to totally force all economic activity into present time that a very large percent of the population and the same percentage of businesses would immediately know the reality that they didn’t have any income or at least a severe shortage of same….and that the bills were due… now.
Now most economists do not adequately confront this looming fact and Banks and financiers will probably oppose this truth because it will end their monopoly on credit creation, but as innovation and artificial intelligence increasingly and disruptively creates that reality and the natural tendency for businesses in profit making systems to cut labor costs as a result of those forces ….it will be necessary to awaken both individuals and businesses to the natural alliance they have regarding the consumer having enough spendable income to survive, thrive, enable businesses to be profitable and the entire economic system to be functional.
And that is why hastening innovation and artificial intelligence, cutting costs and showing the businessman and the general populace that a supplement to consumer’s incomes are necessary …..are the three things that need to be encouraged….so that when the economic singularity occurs….we aren’t surprised by it like we were by the 2008 unpleasantness, and we deal with it rationally and ethically for everyone.