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That is just not true. Inflation is not an immutable law of nature. In fact, we should expect to see the prices of certain commodities go down as technological
by mberning 3y ago
That is just not true. Inflation is not an immutable law of nature. In fact, we should expect to see the prices of certain commodities go down as technological advances drive efficiency and productivity. And in fact many times in the past we have seen the price of food, for example, go down relative to other expenditures.
- fatherzine 3y agoinflation is emergent of interest. interest is multiplicative, which compounds into an exponential. sadly i am no boltzmann, so i can't provide a formal derivation -- challenge for the mathematically gifted amongst us.