Future of the Economy

Promethian · 2020-04-09T20:12:30+02:00

I'd like to start a thread about some serious issues that the economy is going to face due to LENR and other revolutionary technologies. As a trained economist I understand the deflationary tendencies of revolutionary technology. In the near future we will likely face a combination of two economically earthshaking technologies. The first will be abundant and cheap energy, through LENR and Solar. The second will be the advent of Generalized Artificial Intelligence. Both of these technologies will undoubtedly create a recipe of strong deflationary tendencies within the economy of the world. As far as my noetic faculties can reach, this will lead to something fiat economies are most endangered by. Namely, deflation. Mind you, even a small percentage of deflation will cause the super-rich to lose their minds. Keynesian economics will most likely be on steroids due to this, and will be ineffective no matter how much money gets injected into the economy. Is there anyway to prepare for this eventuality? I don't mean to ferment fear or scare anyone, so I'm sorry if anyone feels uncomfortable due to this sentiment about the future of economics.

LENR Partners

AlainCo

Tech-watcher, admin

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3,243
Jul 2nd 2022
- #21
About Blade Runner vision of the future, I just read that article...

🤖 40 years later, 'Blade Runner's' dystopian economics still make zero sense
The film and its sequel depict incredible technological progress. So why is life shown as so implausibly awful?

fasterplease.substack.com

Quote from James Pethokoukis

40 years later, 'Blade Runner's' dystopian economics still make zero sense

The film and its sequel depict incredible technological progress. So why is life shown as so implausibly awful?
“Only puny secrets need keeping. The biggest secrets are kept by public incredulity.” (Marshall McLuhan)
See my raw tech-watch on http://www.scoop.it/u/alain-coetmeur & twitter @alain_co
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