<oembed><type>rich</type><version>1.0</version><title>JayLeClay  wrote</title><author_name>JayLeClay  (npub13h…vhjry)</author_name><author_url>https://yabu.me/npub13hgvezq9gm04a9hqs3uzmv869tm3wk26ql2tf3q037j59zk76c7spvhjry</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>Granted.  nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe argues this effectively in his Price of Tomorrow: technological progress means the marginal cost of production falls to zero. &#xA;&#xA;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.</html></oembed>