Has anyone read the book Atom by Kartik Gada? I

Question

Has anyone read the book Atom by Kartik Gada? I

just heard an interesting interview with him on the value Creator's podcast.

He argues that the creation of technologies create deflationary pressure and that deflationary rate is doubling every four years. It is 4% of the economy now according to him.

So he maintains that printing money will not create inflation as it is offsetting this deflationary pressure created by new technologies.

#bch #bitcoincash #cryptocurrency #english

0

07.03.2024

10 ответов

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Remora_101🟢

That's also not the case for all fields. What good is it if you still can buy the newest PC but the cucumber is $50?

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9 месяцев назад

Big Hair Автор вопроса

Remora_101🟢
That's also not the case for all fields. What good...

Okay. So you're not convinced. You think inflation still will be a problem regardless of the deflationary pressure brought forward by new technologies.

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9 месяцев назад

Joe Fintec

Yes 3.5 to 4% on average is about right as long as govt control most markets. Imagine progress without govt throttle.

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9 месяцев назад

Joe Fintec

Remora_101🟢
That's also not the case for all fields. What good...

At $50 I would short cucumber with 10x leverage.

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9 месяцев назад

Big Hair Автор вопроса

Joe Fintec
Yes 3.5 to 4% on average is about right as long as...

The way he was saying it was that the deflationary pressure throughout the economy is doubling. It is 4% of the economy now and then in 4 years it will be 8% of the economy and four years after that it will be 16% of the economy.

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9 месяцев назад

ErdoganTalk jackson

Big Hair
Okay. So you're not convinced. You think inflatio...

Deflation from inventions means higher living standard, inflation takes that away and puts it the hands of the elite

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9 месяцев назад

Big Hair Автор вопроса

ErdoganTalk jackson
Deflation from inventions means higher living stan...

Yes. Agreed. That is my understanding as well. This guy is a big time Bank investment kind of guy. So he is saying that all Western monetary system is based on debt and thus inflation. So he cannot see where a deflationary system would work. I want to read the book to understand what he is talking about

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9 месяцев назад

Duncan

Yeah, this has been happening for a long time. It's why CPI is way behind actual currency inflation. I wrote about this a few years ago. https://dunconomics.com/blog/the-addictive-cost-of-technology

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9 месяцев назад

im_uname#100🍋 🌭

of course technology creates deflationary pressure, in general productivity numbers go up in peacetime, creating downwards pressure in price. the reason inflation happens anyway end of the day is simple: greed by the money printer always outpaces technology no matter the political system. there's no entrepreneur genius enough to overcome the allure to spend somebody else' money. technology progress can be fast but is always finite. unaccountable greed is infinite.

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9 месяцев назад

JF · Accepted Answer

JF

sure but is that really that insightful? Just because , say , the price of a hard drive got cheaper make, doesn't mean fiat currencies purchasing power isn't eroding. The net result might be a relatively stable standard of living, but so what — it just means central banking has robbed us of a BETTER standard living than what we have had.

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9 месяцев назад

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Has anyone read the book Atom by Kartik Gada? I

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