Mises Daily
Author:
Peter St. Onge
Online Publish Date:
The job-threatening rise of the machines is an economically illiterate meme that refuses to die. We’re actually probably in the early stages of it, a bull-market in neo-luddism, if you will. Bastiat’s “Candlemakers Petititon ” answered this one long ago, but today I’ll run a little thought experiment that owes it all to good old Bastiat. Let’s say