Or 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 reso

Or 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.