The one thing that I think is missing in regard to the financial cycle is the potential for massive…
Michael Long

Thanks. That’s another huge topic I didn’t try to address here. I tend to be pretty optimistic about where automation will take society. It is certainly possible that computers will automate many jobs but 1) that should also lower prices accordingly (computing technology generally tends to have a deflationary effect), 2) historically when classes of jobs have disappeared due to new technology, new classes of jobs (that would previously have been hard to imagine) have been created. A great example: