Author Topic: 10 Year Bond Yields  (Read 8916 times)

Og

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Re: 10 Year Bond Yields
« Reply #50 on: June 13, 2018, 05:38:15 PM »
Keynes was the guy turning supply side economics on its head, saying it was increased demand which spurs supply increases. When cars were invented, why didn't the horse-and-buggy industry just ramp up supply to increase demand? Regardless, supply vs. demand driven economies is a different discussion...which economists far smarter than us still argue over.

I'm not talking about a slowdown in consumption or "wanting" to work. I'm saying, what happens to all the truckers/drivers when we build self-driving cars. Historically they work elsewhere. Because historically there have always been other opportunities for human labor. My question is what if those opportunities slowly dry up? Furthermore, is there evidence that those opportunities are drying up? I can see the argument for 'yes' to the latter question.

Doesn't matter either way.