Replying to Avatar bitcoinlimit

Here’s what I’ve been thinkg recently. If ai wipes out a big chunk of jobs by making everything far more efficient… is that inflationary or deflationary? I’m betting on deflation.

If 1 in 5 people are out of work, what happens to housing prices? How much is a car worth if commuting gets cut in half?

Vinod Khosla predicts that in 20 yrs, $10k will buy more than $50k does today and his track record on this stuff is almost scary. With over $35T national debt, current interest rates and massive money printing, I almost find this prediction an insulting joke. But again, his track record scares me.

So if ai makes the future massively deflationary, the real question is what happens to capitalism when humanity finally meets with true abundance again after several centuries?
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CTarian 4mo ago

Doesn't have anything to do with inflation, which is but one thing..... An Increase In The Money Supply.. Politicians borrow. The FED creates the money out of thin air. That fake money is the inflation. So no, it wouldn't be inflationary but it could cause some prices to go up. But then I'll bet you we could see others prices go down. Plus who knows what new kinds of jobs could be created over all of an economy? Innovations seem to always bring new industry. AI truly is amazing.

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