Hang on -- before we were assuming that the Robots (ems) were consumers. Here we're assuming the opposite, that humans and only humans consume. Therefore the consumption basket can't go haywire.
Actually one way things could go wrong would be if an "elite" group of humans took the place of ems, and consumed 99.999999999999999999999% of output. So in order for things to be OK, economic disparity has to remain non-insanely-high. But even the modest taxes that we have today, plus wealth redistribution, would ensure this, and it seems that there would be stronger incentives to increase wealth redistribution than to decrease it.
Re: "before we were assuming that the Robots (ems) were consumers. Here we're assuming the opposite, that humans and only humans consume."
More accurately, Martin Ford was assuming that - and I was pointing out that trucks, fridges, washing machines, etc. are best modelled as consumers too - since they consume valuable low-entropy resources - and spit out useless waste products.
The idea that machines don't participate in the economy as consumers is not a particularly useful one. Machines - and companies - buy things, sell things, consume things -...
The question that the ideas are supposed to be in response to is:
Here are links to some proposed ideas that you should vote for, assuming you agree with them. You do have to register to vote, but the email confirmation arrives right away and it shouldn't take much more than two minutes of your time altogether. Why should you do this? The top voted ideas from this request for ideas will be seen by some of the top policy recommendation makers in the USA. They probably won't do anything like immediately convene a presidential panel on AGI, but we are letting them know that these things are really important.
Research the primary cause of degenerative diseases: aging / biological senescence
Explore proposals for sustaining the economy despite ubiquitous automation
Establish a Permanent Panel or Program to Address Global Catastrophic Risks, Including AGI
Does anyone have any other ideas? Feel free to submit them directly to ideascale, but it may be a better idea to first post them in the comments of this post for discussion.