Have you read Price of Tomorrow? I’ve read a lot of summaries but just started the book. Seems the book focuses on answering your question.

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incredible book; it inspired me deeply, and, as a parent, had a profound effect on my life.

I havent read but I listened to Jeff Booth speak before. So I believe I have good understanding of his argument. The technology is deflationary and cost of living should go down with new technology breakthroughs. Unless I am mistaken.

It should, if they don't print infinite dollars