I think it will go hyper. Wages will have to increase, and like in Weimar Germany, people will be able to pay off debt easily. Owe $400,000 on your house? Well now you’re making $7,500 an hour, so it won’t take long. Downside is, however, a loaf of bread is also $7,500.
All inflation is psychological, but the end result is the same if it goes unchecked....just bank runs were psychological....it's end result you don't want... There is no deflation.
Nothing goes down unless it's being competed by cheaper labour sources or vastly superior Innovation and those require usually a massive supply chain to even get in the first place....so you leak out in other industries all the deflation of some key ones...
Yeah, thats a utopian dream. It requires a real shift from the concept of money ... That isn't really deflation... His theory is that we will "all share in the wealth" of the big corporations.....
Bs
He seems to be believe that wealth transfer comes gracefully.....
Inflation....
I think it will go hyper. Wages will have to increase, and like in Weimar Germany, people will be able to pay off debt easily. Owe $400,000 on your house? Well now you’re making $7,500 an hour, so it won’t take long. Downside is, however, a loaf of bread is also $7,500.
All inflation is psychological, but the end result is the same if it goes unchecked....just bank runs were psychological....it's end result you don't want... There is no deflation.
Nothing goes down unless it's being competed by cheaper labour sources or vastly superior Innovation and those require usually a massive supply chain to even get in the first place....so you leak out in other industries all the deflation of some key ones...
Yeah, thats a utopian dream. It requires a real shift from the concept of money ... That isn't really deflation... His theory is that we will "all share in the wealth" of the big corporations.....
Bs
He seems to be believe that wealth transfer comes gracefully.....