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Paul Krugman: Smart machines boost productivity, not equality

Published 12/30/2012

The great bulk of the economic commentary you read in the papers is focused on the short run: the effects of the “fiscal cliff” on U.S. recovery, the stresses on the euro, Japan’s latest attempt to break out of deflation. This focus is understandable, since one global depression can ruin your whole day.

Word count: 756

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