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A comment on The great reversal in the demand for skill and cognitive tasks (2013) [pdf]. Parent comment

Re:The great reversal in the demand for skill and cognitive ... by raincom on Sunday April 12, 2015 @12:53AM (#9362213)
> Which can kinda be a problem if too many people do that and there's nowhere for it to come from.

This is how the majority understand the macro economics: an extension of bartering system. But a sovereign currency regime does not need to worry about it. What constrains an economy are real resources, but not financial resources. Sovereign debt = public assets. For more, check "Modern Monetary Theory".

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Re:The great reversal in the demand for skill and cognitive ... by nine_k on Sunday April 12, 2015 @02:35AM (#9362388)
That is, printing more money is the way? Quantitative easing, as they now call it.

I also heard throwing money from helicopters is beneficial, too.

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Re:The great reversal in the demand for skill and cognitive ... by raincom on Sunday April 12, 2015 @05:12AM (#9362714)
Well, thats what mainstream (neo Keynsians) have advised and has not worked. Quantitaive easing just shuffles financial assets.

What is needed, is a fiscal policy--and this leads to basic income, basic employment. The only constraints are "real" resources.

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Re:The great reversal in the demand for skill and cognitive ... by nine_k on Sunday April 12, 2015 @10:39AM (#9363472)
The funny thing is that I mentioned throwing money off helicopters ironically, but probably it was lost for the downvoters.

I suspect this was Poe's law in action; some of the current fiscal policies are so contrived that it's hard to tell theonion-style sarcasm from the real thing.

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