The Importance of Understanding Economics

James Carville: Bill Gates is responsible in no small part for much of the automation that has occurred over the past, what 30, 40 years now. He owes who he is and what he has to the fact that government didn't employ this policy 30 years ago, says Carville. If we're going to start taxing machines that are labor-saving devices, look at all the stuff in your home, said Carville.