–> You should be able to work less each year, and get more.

"What is deflation? Quite simply: general prices coming down. That's what technology does; that's what the free market does.

"1. All things are supposed to fall in price. Energy is supposed to fall in price, housing is supposed to fall in price, because prices fall to the marginal cost of production. 2. We also have exponentially-increasing productivity through technology.

"So if you just take 1 and 2 together, what it means from first-principles is: prices should be falling exponentially. And what that means is: you should be able to work less each year, and get more."

"But we live in a credit-based system that cannot allow that deflation to happen."

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https://youtu.be/AZkzTvZOvco

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