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RE: Communism, Capitalism, Anarchy, and Honesty

in #liberty7 years ago

It's not a problem of the money system as a concept, but I agree that government fiat money is fundamnetally broken.

Mechanization doesn't replace labor, it multiplies the productivity of labor. When less labor is needed to serve old needs and wants, it means new needs and wants that were less urgent can now be satisfied. Unemployment is a consequence of political intervention retarding the economy, not technology replacing workers.