nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe’s statement from "The Price of Tomorrow" suggests that a productive market naturally begins in a deflationary environment, driven by structural changes such as technological advancements or industrial shifts.
This deflation is part of a transitional phase where older economic systems are replaced by more efficient ones, akin to creative destruction. While sustained deflation can pose challenges, it's crucial for fostering future productivity gains.
Booth emphasizes that this phase is not to be feared but understood as a necessary step in the market's evolution, allowing for higher efficiency and long-term growth once stabilized.
One of the few outs the controllers have is to have a boom in productivity to offset the financial turmoil they have created.
Ai would be that logical drive of productivity if it delivers what it has 'promised', some of which I think will happen. But that leaves the question of what they are going to do with all the people who are replaced with automation.
There is no way for a gov or company to guarantee a boom of production, there is only the investment of dollars which drives inflation, coupled with free and open source AI which drives deflation.
As the population experiences deflation (boomers passing) there will be less of a desire to have the investment expense on people which drive inflationary outcomes.
The only way to get “ahead” is to drive deflation, create free and open source AI, and allow for the market to return to a natural state of production.
Problem is.. we live in a nerfed world which requires inflation to keep the fiat game running. It doesn’t matter how many dollars you throw at AI it won’t replace everyone, it will only enslave them in debt.
