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Thank you, really funny article in FT! As we're born in the USSR, it is very hard for us to agree with Paul Krugman that communism will be at last brought upon us by robotics (even if it is named "leisure economy" from now on). We libertarians (and Austrian economists often are libertarians) are with Peter Thiel :-) Really, QE is a much better explanation for diminishing returns. Look at the pictures I've accidentally posted just this morning - http://vvagr.livejournal.com/1928161.html. Tampering with the economy at such scale leaves no place for any other explanation. And Krugman wants to turn QE into hyperinflation to rob everyone of his savings - but calling it "to dilute the wealth effect on legacy claims".