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View Diary: the new outsourcing; why the jobs are NEVER coming back. (316 comments)

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  •  The only reason robotization is seen negatively (2+ / 0-)
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    Tonedevil, Calamity Jean

    instead of for how wildly successful its been in making our lives better, is because of the widespread belief that We can run out of money. Our nation makes Our own money. We can always afford to have full employment. But when people believe that "if its not profitable, its not productive" because they fear the "debt" and deficit monsters thinking issuing T-bonds is the same thing as going into hoc to a credit card company, they worry about things they otherwise wouldn't worry about.

    The private sector loses 5 low wage cashier jobs to robots, hire 10 well paid scientists at NASA. Company's move 1,000 jobs to India, then hire 2,000 contractors to repair bridges or install solar panels and wind farms.

    Sounds like a no-brainer right? Not if you think "how are we going to pay for it all?" What does that even mean? We the People through Congress are responsible for creating the modern dollar out of nothing back in 1913 and have been issuing them ever since with no negative effects.

    Worried about the number of T-bonds in existence? Than support the Fed's zero % rate policy. Do you know what the interest expense on $20 trillion is at 0% ZERO DOLLARS!!! Thats why we spend less money on interest today than during Clinton's presidency

    "The Earth is my country and Science my religion" Christiaan Huygens. Please join our Kos group "Money and Public Purpose". The gold standard ended on August 15, 1971, its time we start acting like it.

    by Auburn Parks on Thu Jan 09, 2014 at 02:02:28 PM PST

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