3 ms·
Technology is inherent deflationary due to scaling laws of increasing productivity. This is awesome because think if all the zero or very cheap apps etcs. The p
by charlie0 1y ago
Technology is inherent deflationary due to scaling laws of increasing productivity. This is awesome because think if all the zero or very cheap apps etcs. The productivity is largely based on lack of regulation which allows innovationto occur at speed. Now if we only could deregulate "meatspace" applications (think nuclear, housing, etc) we might be able to achieve great gains.
- 8note 1y agoan alternative reason is that there little to no property with new technology. if you could remove private property rights over land, housing too would be much easier. Thats a regulation governments arent gonna touch though
- charlie0 1y agoYou don't have to go that far though. Why does it take months to get housing permits? Or many years to get nuclear permits? Just making those processes more efficient through technology would greatly help, but we can't. It's not the technology slowing these things down.