13 ms·
Well... yes, it would. In theory, efficiency gains are deflationary. Huge efficiency gains are hugely deflationary. If we're producing 10x as much, why not pri
by mfitton 2mo ago
Well... yes, it would. In theory, efficiency gains are deflationary. Huge efficiency gains are hugely deflationary.
If we're producing 10x as much, why not print 10x as much money? The goods and services each dollar could buy would remain similar.