209 похожих чатов

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.

10 ответов

49 просмотров

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.

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?

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.

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

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

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

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.

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

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

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

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.

Похожие вопросы

Обсуждают сегодня

@Benzenoid can you tell me the easiest, and safest way to bu.y HEX now?
Živa Žena
20
This is a question from my wife who make a fortune with memes 😂😂 About the Migration and Tokens: 1. How will the old tokens be migrated to the new $LGCYX network? What is th...
🍿 °anton°
2
What is the Dex situation? Agora team started with the Pnetwork for their dex which helped them both with integration. It’s completed but as you can see from the Pnetwork ann...
Ben
1
Anyone knows where there are some instructions or discort about failed bridge transactions ?
Jochem
21
@lozuk how do I get my phex copies of my ehex from a atomic wallet, to move to my rabby?
Justfrontin 👀
11
Hello, Is iExec also part of the "inception program" or another one ? Would it be a name to qualified the nature of the relationship between iExec and Nvidia? And does Secret ...
Ñïķøłäś
8
Ready for some fun AND a chance to win TKO Tokens? Join us for exciting minigames in our Telegram group! 🕒 Don’t miss out—games start on today 25 October 2024, at 8 PM! Ge...
Milkyway | Tokocrypto
255
any reference of this implementation?
BitBuddha
29
Also, why can’t the community have a vote/ say when it comes to initiatives like buybacks. Isn’t the point of crypto decentralisation? Don’t we deserve input as long term supp...
👨🏽‍🦰
13
Hi guys, any problem with Pulsebrige? Trying to transfer from wETH to ETH. First it tells me to connect my metamask "through mobile app" not desktop. Then I did and confirmed ...
Snowflakecrypto
13
Карта сайта