{"type":"rich","version":"1.0","title":"JayLeClay  wrote","author_name":"JayLeClay  (npub13h…vhjry)","author_url":"https://yabu.me/npub13hgvezq9gm04a9hqs3uzmv869tm3wk26ql2tf3q037j59zk76c7spvhjry","provider_name":"njump","provider_url":"https://yabu.me","html":"Granted.  nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe argues this effectively in his Price of Tomorrow: technological progress means the marginal cost of production falls to zero. \n\nBut, 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."}