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?
Avatar
Neve Farms 4mo ago

Probably one of the hardest to predict questions I’ve thought about as well. One thing if for certain as Jeff Booth says, they will print money because deflation cannot be allowed to collapse the credit system. Though ideally in 20 years we move to a bitcoin standard where prices actually fall according to efficiency gains

Reply to this note

Please Login to reply.

Discussion

No replies yet.