Really smart piece on how to think about automation and UBI, from @dylanmatt , that also contains the immortal line "But John Maynard Keynes predicted the arrival of fully automated luxury gay space communism, or something rather like it, as early as 1930."
For today's @markets newsletter, I wrote about what Elizabeth Warren would mean for stocks and the economy and how nobody really knows anything, but that John Maynard Keynes had some relevent insights.
@opinion_joe A counter-view on Warren is expressed by John Maynard Keynes, who argued that even if a politician's policies are good for business on paper, they might end up being bad for business if they make capitalists feel bad.
Economic Thought - John Maynard Keynes John Maynard Keynes, (born June 5, 1883, Cambridge, —died April 21, 1946, Firle, Sussex), English economist, journalist, and financier, best known for his economic theories (Keynesian economics)
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." John Maynard Keynes
“The difficulty lies not so much in developing new ideas as in escaping from old ones.” – John Maynard Keynes
“Our grandchildren”, reckoned John Maynard Keynes in 1930, would work “three hours a day”—and probably only by choice
Maybe somebody should declare this Economist Day -- both Adam Smith and John Maynard Keynes born on this date.
The lesson of John Maynard Keynes’ book, “The Economic Consequences of the Peace” (1919) was that solidarity is self-interest. That lesson still holds true today, and that is why it is my contribution to the Library of Peace at the #standforpeace
“If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.” —John Maynard Keynes
“Our grandchildren”, thought John Maynard Keynes in 1930, would work around “three hours a day”—and only by choice