Spencer is on to the “current thing”… in this case AI. As explained in The Price of Tomorrow, the collision of deflationary technology, such as AI, and fiat monetary policy is likely to lead to societal disintegration due to the current economic "growth" resting on a cycle of increasing debt. That's why a shift to ₿itcoin to accurately price an ever more productive economy is important to allow society at large to fully experience the economic benefits of technological advances.