Keynesian economists often argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes which require active policy responses by the public sector, in particular, monetary policy actions by the central bank and fiscal policy actions by the government, in order to stabilize output over the business cycle. Keynesian economics advocates a mixed economy – predominantly private sector, but with a role for government intervention during recessions. http://en.wikipedia.org/wiki/Keynesian_economics
The private sector is going to change from this technology. Only in terms of mortgages, and car expenses. Short term expenses such as gas, food, restaurants, clothes, will become less of a problem with a technology base.
But I think I may be wrong on this point.
Look at Microsoft, it is almost 30 years old yet it still has huge margins, its because of its economic competitive advantages. Look at IBM same deal and it is over 100 years old. Look at GE same deal. B
But things in the world will become to mature much like how Bitcoins price over the last 3 - 4 months became to mature (and is now going down though due to us and the economy going good). Bitcoins lifecycle is over. It is the nature of the universe, the planets will slowly move farther and farther apart until everything is still again. and then BAM!
We start again but in a different way. You can think of it as depressing (death) but you can think of it as goodness, (rebirth of the universe).
Someone in the form said they would sit beside Bastiat in the French legislature in the 1800s in the government. From some of his policies I have read, I would probably sit with him too.