> What's changed: automation creating value automatically, different from rent-seeking. In today's inflation-targeting macroeconomic framework, automation caus

> What's changed: automation creating value automatically, different from rent-seeking. In today's inflation-targeting macroeconomic framework, automation causes a decrease in the price of goods and labour, which would have a deflationary impact. To prevent structural deflation, interest rates are reduced, which increases the value of assets such as stocks, bonds, and real estate. So I think automation can also support rent-seeking, although more indirectly.