Extreme Keynesian Economics

[cronus]

I know it sounds absurd. Might be possible and a longer term solution than universal helicopter money. Throw massive money at industries likely to bring massive advances, like robotics, rather than a 'consumer led' economy driven by temporary(until other peoples money runs out) Universal Basic Income which sees choices based on the mediocrity of average intelligence. Worry about the consequences of the singularity after it has been reached rather than before since consequences are a unresolved set of unknown unknowns...

[pErvinalia]

God you come out with some shit.

[cronus]

God you come out with some shit.

It's the drugs. If I did them more I'd be more like everyone else.

[Rum]

God you come out with some shit.

Patience just about holding here. Mostly via fingers in ears and going 'la la la la'!

[cronus]

God you come out with some shit.

Patience just about holding here. Mostly via fingers in ears and going 'la la la la'!

It's hard to explain. The principle mistake is to read my threads. You said you'd blocked me so how is that achieved?

[Hermit]

I know it sounds absurd. Might be possible and a longer term solution than universal helicopter money. Throw massive money at industries likely to bring massive advances, like robotics, rather than a 'consumer led' economy driven by temporary(until other peoples money runs out)

Not at all absurd. Departments of war and other institutions that are totally unconnected with spreading helicopter money have been throwing massive amounts of moolah at industries likely to bring massive advances, like robotics for decades. So far we got non-stick frypans and a robot that can open a door for another robot that can't out of that. Just imagine how much worse off the putative recipients of helicopter money would have been without them!

[Tero]

If we had a time machine, we would find that all corporations go bankrupt in the FUTURE. So why not invest in the PAST instead?

[Brian Peacock]

I know it sounds absurd. Might be possible and a longer term solution than universal helicopter money. Throw massive money at industries likely to bring massive advances, like robotics, rather than a 'consumer led' economy driven by temporary(until other peoples money runs out) Universal Basic Income which sees choices based on the mediocrity of average intelligence. Worry about the consequences of the singularity after it has been reached rather than before since consequences are a unresolved set of unknown unknowns...

It's no different than undertaking large scale infrastructure projects or, say, increasing unemployment benefits or guaranteeing free higher efucation. In the end the money spent goes back into the economy with a dividend and the benefit to the public is greater in the long term than to the individual construction worker, dosser, or student in the short term.