Nostr Web Client

Thanks for sharing that video. I was going to watch but then realized it was an hour and a half long, which is more time than I care to spend

But I found this book description which I assume summarizes his views

I don't see anything here that supports the conclusion that deflation is desirable

It's true there are shifts in the relative balance between capital and labor, but that has been happening for about 250 years, since the industrial revolution, and so is not qualitatively new

A much more persuasive analysis of the consequences of the shifts of balance between capital and labor is Piketty's Capital in the Twenty-First Century

やトナ 2y ago

Here’s a podcast about half the length of that video. It’s available on different platforms as well if you don’t have Spotify. It’s hard to grasp the entire argument/hypothesis just from that book description. I still don’t know how to put it into my own words in a way that’s easy to understand. If you ever have the time, I recommend reading the book. Even if you disagree with it, it’s a good thought experiment to put yourself through.

https://open.spotify.com/episode/1n9E78PUvQrKwbYbYHmGLT?si=D8thJdw3SIqkq7DpXAuT-g&context=spotify%3Ashow%3A7dnn22EWyo6MLsPaR492BM

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Discussion

elsat 2y ago

Thanks for sharing nostr:npub1zmsrvhdse0fhdnzqt44gt0vxpft654e0p9tuas0644229rjjz4esumasvy 🙏

nostr:npub1aaq8nmdelgfrcemz9zhakejl38hsgwd2ced60hajkvftxru3jmls0aykwv it probably took me years first to be aware of the deflation vs monetary theft battle taking place under our noses. It also took humility to recognize what I did not know.

Everyone had their own journey, and I hope you too will find that folks in this community can be very generous with their time in engaging in good faith discussion with folks on their discovery journey.

P.s. I sent a one hour video condensing decades of thought to get you started, and you reverted with a 500 page treatise 😂