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Everything fiat touches skyrockets in price... which is why technology is unable to create natural price deflation (in aggregate).
6.8. klo 02.44
Everything technology touches collapses in price.
@pmarca says that’s why TVs, video games, basically anything with electronics in them, keep getting cheaper, while housing, healthcare, and education keep rising in price.
"Technology hasn’t really touched them… Productivity growth hasn’t happened in them."
The challenge now: bring technology where it’s needed most.
In other words: Central bankers steal what technology earns.
In fact if it wasn't for exponential technology we'd have hyperinflation and civil unrest...
... which explains why so much printed fiat is being shovelled into AI - the fiat maxis desperately need more exponential, deflationary technology so nobody cares enough violently unplug their money printer.
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