1/ I’ve been thinking about the new #techeconomy: the winners AND the losers, in the big picture.
2/ Tech has made everything cheaper to produce, from cell phones to t-shirts. So why haven’t prices gone down, proportionately?
3/ The answer: Prices are propped up by inflationary monetary policies. Since the Great Depression, “deflation” has been a dirty word.
4/ But is it time we gave #deflation a fresh look?
5/ 3D-printing + machine learning are driving the cost of many goods down. These same tools are also putting lots of people out of work.
6/ In a future where jobs themselves may be an endangered resource, we need creative thinking to help the economy adapt.
7/ While the tech boom has created enormous wealth, it has also concentrated it in fewer hands.
8/ These cycles will only accelerate in the years ahead. It’s time we gave them a closer look.
9/ More on my views on the power of deflation in my new book @priceoftomorrow - Why Deflation Is the Key to an Abundant Future: thepriceoftomorrow.com
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