Granted. Jeff Booth (npub1s05…eyhe) argues this effectively in his Price of Tomorrow: technological progress means the marginal cost of production falls to zero.
But, in your scenario how would a central bank manage a 0% inflation rate? That’s the part I need ELI5. Not all prices will fall at the same rate, because not everything sold is produced with technology — and some prices may increase, say, if the value provided or lack of supply for that item or service fetches a higher price tag.
JayLeClay / j'ai les clés
npub13h…vhjry
2024-12-14 17:26:40 UTC
in reply to nevent1q…cak4
Author Public Key
npub13hgvezq9gm04a9hqs3uzmv869tm3wk26ql2tf3q037j59zk76c7spvhjrySeen on
wss://nos.lolPublished at
2024-12-14 17:26:40 UTCEvent JSON
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