What happens to “demand” if a billionaire lives in austere fashion? The answer is that thrift doesn’t shrink demand one iota. The same applies if a machine produces billions worth of wealth.
It doesn’t matter if the billionaire human spends very little of the wealth created, or if the wealth-producing machine spends nothing at all. Demand follows production, always, simply because demand is a certain consequence of production. They mirror one another.
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