Me: You’re getting closer to seeing what I’ve been saying for a long time here. Competition, innovation and AI in profit making systems will insure a titanic loss of jobs and hence aggregate individual incomes. A universal dividend will then be absolutely necessary, and a retail discount to prices will integrate price deflation into the system which is the bulwark against the giantism and monopolism of corporations who might be able to raise prices at will. Integration is wisdom. It’s the only way to save profit making systems.
Better get on my bandwagon. When my book is published you and Keen are going to look like intellectual pikers.
MS: Stop this universal dividend shit, and self-promotion of your blog
I am tired of it.
ZH would have banned you long ago.
Right now, your comments go to moderation
Any more taunts like
‘When my book is published you and Keen are going to look like intellectual pikers,” and I will not even bother reading them. They will be deleted the moment they come in.
Me: Fine Mish. When you FINALLY realize that demanding employment ONLY as the solution…..is unconscious socialism in view of the inevitable effects of competition, innovation and AI…maybe you’ll remember that I’m the one who has continually suggested INTEGRATION of both employment and gifting into the system….instead of ignorantly and obsessively demanding the tired old orthodoxies of capitalism and socialism NEITHER of which has all of the answers.
Keen is so obsessively into de-bunking General Equilibrium theory that he can’t see that he himself is still stuck in accounting equilibriums and you are so stuck in “there ain’t no free lunchism” that neither of you can see that if you used the concept of gifting intelligently and integratively you could both come up with an entirely third more workable alternative theory that won’t leave you looking like schmucks…..when impending disaster is upon us or someone makes the simple yet comprehensive suggestions I’ve advocated so long….and everyone sees how stupid it is not to implement them.
Fine. I’m sad about it, but also extremely tired of you and Keen’s unconscious lack of willingness to integrate ideas.
By the way I haven’t posted my blog url since you told me not to, and even if I did or mentioned my book in my posts…your putting me on moderation would mean they’d only get deleted anyway so that criticism is irrelevant. My posts on your blog are simply my (generally gracious and polite) means of trying to penetrate your mind with common sense and wisdom. Don’t look now Mish, but generally anger is a sign that someone’s truth has hit a nerve.
MS: Hey look at your silly threat to make me look like a “piker”
That’s supposed to be polite?
Me: You’re right, I’m not perfect Mish, and I could have/should have used another word there. That doesn’t change what the process of wisdom is however. Integrate ideas so you aren’t just another orthodox thinker/pundit, and keep on integrating them and you’ll be wise instead of an intellectual who refuses to utilize the very process of wisdom.
MS: You only see your ideas as correct.
Everyone else is wrong, a piker.
In essence – most people are like that – at least about some things.
You fail to see that in yourself, continually repeating the same things.
Yes, so do I. But it’s my blog.
MS: Yeah – wisdom according to you – but not because you say so – rather because you are the self-assigned purveyor of wisdom
And you cannot see the idiocy of your assessment that it is “universal wisdom”
MS: I am being logical
All you have is “because I say so” and it is a waste of my time.
I do not have time to waste
By the way – I am very generous with my time
I spend 4 hours a day reading and answering emails
No other blogger spends as much time as I do answering emails.
J: It is great to be free of work. There is only the small problem of how you get money to pay the mortgage/rent or buy food.Elon Musk and others say this will require a government backed guaranteed “Universal Income” for everyone. Guess who is going to have to pay for that? The wealthy, of course. And if there aren’t enough wealthy, then may have to try a sleight of hand, such that the robots/automation get taxed to provide the unworkers with money to pay bills and buy things. Ponder that for a while!
MS: Fractional reserve lending, massive expansion of debt, and Fed insistence on inflation in a productivity-induced deflationary world is “the” problem. Your proposal to solve the problem by more government mandates (giving away free money) is seriously misguided.
Debt increased exponentially increased when Nixon closed the gold window. Your half-baked, non-solution of giving away money does not address any fundamental issues I raised. Your further statement “No one has to pay for it, the money would be created out of nothing exactly like virtually all of our money is now. The difference would be that it would be GIFT of money equally distributed to every citizen or every citizen 18 and older,” is so preposterous and tiring, that I deleted it.
I am really tired of debating your nonsense. Start all over with a reflection on the problem. “Gift” money mandates are pure stupidity. It promotes “something for nothing” perpetual-motion madness that does not work in the real world.
I do not have the time or the energy to debate such nonsense with you endlessly. Any subsequent reference by you to giving away money as the solution will be deleted without comment.
I have been very patient, but this is it.
Me: All of your “solutions” are structural issues. Ideas and generally held ideas as in paradigms are a priori and more powerful in their effects. Sorry, ideas trump structure because they go to the heart and core of problems.This has been known for a long time and is not just my opinion. You can ban me and run from that truth if you so desire….but it won’t change the truthfulness of it.
The truth is also that I’ve posted here for many years, been almost entirely ignored by you except the occasional mistaken outburst like calling me a communist so no big strain on you, and been derided and mistakenly called a socialist since the beginning by your commenters. So who’s the one that has endured anything and been the patient one here?