Look at the picture. What do you see? A manufacturing process, with no workers in sight. We humans have been replaced by robotic arms and artificial intelligence.
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In response to the Great Recession, central banks continue to engage in massive monetary stimulus to artificially depress the costs of capital. Many commentators have expressed concerns (and I concur) about the inflationary forces they believe must naturally be building up because of this stimulus. Yet, very few commentators have discussed the consequential little worm […]
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