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bitcoinlimit · 26w
ai is deflationary. very soon probably within the next 5-6 yrs, the money supply to debt ratio vs business productivity will completely flip meaning productivity output will grow far faster than the e...
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Tommy Volk @Doc Orange
If tech deflation reduces the debt ratio, why has the debt ratio gone up in the past half century even though we’ve had staggering tech deflation? IMO if the rate of tech deflation increases, the rate of money creation will simply be increased to absorb it. The only thing new this time around is bitcoin. The tech deflation of AI is a difference of degree, not of kind.
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bitcoinlimit · 26w
tech deflation exists but it never reached escape velocity. pc hardware, software and bandwith got cheaper but none of it fundamentally rewired the entire economy’s labor structure. governments could outprint the deflation because productivity gains were always linear, not exponential. with ai prr...