You and Keen are too stupid and too hide bound to your various orthodoxies to see that aggregate demand is ever more rapidly disappearing at a rate 10 times higher than the system has ever replaced jobs before and that Deflation can be integrated into profit making systems. You’ll both see it and claim you knew it was the right thing to do all the time…if we’re smart. If we’re not both of you might be dead living in or near a major metropolitan area. I advise you to wise up, swallow your pride and survive by advocating the right policies.
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“Why is government in the job guarantee business at all?”
Mostly because AI and innovation are eroding aggregate individual income at such a high rate that the economy will never stabilize until you finance consumption with a universal dividend and reduce prices with a retail discount. This will also end the unethical domination and manipulation of the business model of Finance which has been allowed to continue for literally centuries and whose significance is missed by the ethically challenged and the paradigmatically hypnotized….ya know what I mean?
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Regarding Self Driving Cars and Missing The Real Point:
You still miss the most relevant economic and monetary issue of the erosion of aggregate individual incomes that innovation and AI are going to effect, and of course you (and Keen) miss the INHERENT cost inflationary nature of modern economies. At least Keen has waded through all of the current dogmas and recognizes that austerity is wrong, but he still misses the deeper actual cause of inflation. You, apparently still have your Austrian/Libertarian hypnotism preventing that.