A greater Silicon Valley money manager and bitcoin fanboy, who travels in libertarian circles, recently told a group that because of bitcoin the time would come when machines and not humans would earn money. He specifically named Uber cars and vending machines as potential non-human earners.
How idiotic can you get?
A machine is going to earn money for itself?
Mind you, he is not talking about a piece of capital equipment that creates income for an owner, he made very clear that he believed machines would earn income for themselves---without owners.
He did not discuss what the machines would spend the money on.
-RW
"Say, Clink, how about after work we hoist some 30 weight down at the petro-bar?"
ReplyDeleteOnce machines start becoming self-owners, earning their own income and "acting," Keynesians can finally point to the validity of their intricate mathematical models which treat consumers as automatons.
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