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The risk of a self-fulfilling economic crash from automation panic
A post attributes the argument to economist Robert Shiller, saying automation fears could tank consumer sentiment and crash the economy.
TLDR
A post says Nobel Prize-winning economist Robert Shiller argues that panic over automation could become a self-fulfilling prophecy by hurting consumer sentiment and crashing the economy. The post also says Shiller raised the possibility that such an effect played a larger role in the Great Depression than is known.
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