Muscle Power and Microchips

Speech to text apps got a lot more efficient once the human components were removed.

In response to an email from a listener, KMO explains why we can't reasonably expect Peak Oil or any variation of resource scarcity to save us from the effects of bad public policy which subsidizes automation and penalizes employment. He lays out a few potential scenarios involving human robots under the micro-managment of managerial AI. Thereafter, Jim, the host of Attack Ads! Podcast joins KMO for a discussion of how the Planet Money Podcast totally missed the mark in their attempt to examine the implications of a 1930 essay by John Maynard Keynes, Economic Possibilities for Our Grandchildren.