Doc Orange on Nostr: If tech deflation reduces the debt ratio, why has the debt ratio gone up in the past ...

If tech deflation reduces the debt ratio, why has the debt ratio gone up in the past half century even though we’ve had staggering tech deflation? IMO if the rate of tech deflation increases, the rate of money creation will simply be increased to absorb it. The only thing new this time around is bitcoin. The tech deflation of AI is a difference of degree, not of kind.