Key Facts and Insights
- Technological advancement is leading to deflation, which is contrary to the common belief that it leads to inflation.
- Deflation is not necessarily a bad thing. It can actually lead to a future of abundance if properly managed.
- The current global financial system, based on debt and inflation, is not sustainable in a deflationary environment.
- Artificial intelligence (AI) and automation will significantly contribute to deflation by reducing the cost of goods and services.
- Job displacement due to AI and automation is a serious issue that needs to be addressed.
- There is a need for a complete...