I recently listened to an audio book regarding how technology is inherently deflationary. It takes away certain aspects of the economy while bringing greater change and drive forward. However like energy which can neither be created nor destroyed it simply displaces from one space to another. The argument which I believe is well thought out and logical also states we are living in an old world economic model ie Inflationary. At the rapid pace we are witnessing new technologies emerge, we cling to old ways of thinking which just wont meld in a new world. Dollar printing and the issuing of new credit to fight this. Yet an inevitable battle which can not be won. While bringing short term patches on a sinking ship it's delaying an even bigger consequence. It is my belief that we are entering into another golden age. However to reach this time of prosperity and peace we must first sacrifice the old to usher in the new.
What are your thoughts and concerns?
On a side note: There are a lot of amazing thought leaders coming from Canada these days, I'm feeling a little proud championing them.
What are your thoughts and concerns?
On a side note: There are a lot of amazing thought leaders coming from Canada these days, I'm feeling a little proud championing them.
Last edited: