06-04-2009, 12:30 AM
Quote:Hi,
And he'll be laughing, by and by.
Ah, yes. The falling optimist argument. He was overheard, while passing the twentieth floor, to have said, "What's to worry? It all seems fine to me."
And, yes, technology generates more jobs than it destroys. Just ask the auto and steel workers in the rust belt. But that's OK, too. We'll simply retrain them all to be neurosurgeons and cosmologists. I'm sure they'll find their new occupations much more satisfying. ;)
--Pete
Drink the juice and be optimistic and invest like the current system will continue... or starting buying supplies for the "End of the World As We Know It". Peak Oil vs Peak Oil Extremists, the latter I can't make a profit off of so I don't pay too much attention too.
Economics is great until it is put into practice. When you have a bunch of really smart people telling everyone that things are getting worse and people base decisions off of it, then you end up in a really destructive cycle. Feeders of the animal spirits.
Cheers,
Naverone