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That theory seems awfully simplistic. Or on the other hand, perhaps the whole world is deflationary, because it is a limited resource. So the the bleak future y
by Tichy 13y ago
That theory seems awfully simplistic. Or on the other hand, perhaps the whole world is deflationary, because it is a limited resource. So the the bleak future you depict is inevitable.
- michaelochurch 13y agoOr on the other hand, perhaps the whole world is deflationary, because it is a limited resource. That's flatly untrue, however. The world is not a limited resource. That's even true of real estate. Back when Silicon Valley was becoming great it was a backwater where the Establishment assholes didn't want to live (hence cheap land). The value of things is a product of their relationships to other things, and the pool of total value increases as the configuration of things improves.
- Tichy 13y agoHow can the world not be a limited resource? Have you thought this through?