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>The inconvenient truth is that the US has a national debt of over $21T That isn't an inconvenient truth at all. The US is not dollar constrained. If you thin
by crdoconnor 9y ago
>The inconvenient truth is that the US has a national debt of over $21T
That isn't an inconvenient truth at all. The US is not dollar constrained.
If you think that the US is natural resource constrained - that's another matter. Are we in danger of running out of the resources required? Clearly no.
If you think the US is labor constrained - that wages are too high and we cannot afford to hire more people without causing spiraling inflation - that's another matter.
However, if you believe that, you also have to believe by necessity the idea that American labor is becoming less efficient and that automation isn't eliminating any jobs - let alone lots of jobs.