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I agree that self driving cars will be a huge savings in terms of resources spent on cars and the ecosystem surrouding them, but it won't be a huge benefit to d
by saosebastiao 12y ago
I agree that self driving cars will be a huge savings in terms of resources spent on cars and the ecosystem surrouding them, but it won't be a huge benefit to disposable income. With cars taking up a huge chunk of the expenditure of humans, and with Inflation metrics being primarily driven by past concerns as opposed to future concerns (it took complete extinction of VHS for VCRs to be removed from the CPI), and with the general pervasiveness of monetarism (which, for some odd reason associates 0.0000001% deflation with the apocalypse) in central banking institutions, there is little doubt that any improvement in the average person's finances will be promptly inflated away.