دانلود کتابThe Accelerating TechnOnomic Medium (‘ATOM’)
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خرید کتاب The Accelerating TechnOnomic Medium (‘ATOM’)
The Accelerating TechnOnomic Medium (‘ATOM’): It’s Time to Upgrade the Economy Kindle Edition
by Kartik Gada (Author)
File Size: 3723 KB
Print Length: 164 pages
Publisher: Business Expert Press (June 8, 2017)
Publication Date: June 8, 2017
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B072K3JL29
Price: 20$
The accelerating pace and diffusion of technological change has taken control of an ever-growing fraction of the world economy. This fraction is being assimilated into a different set of economic fundamentals, such as the rapid and exponential price deflation inherent to technology. The effect of this was insignificant until recently, but is now beginning to create conspicuous distortions in many economic metrics, and is just years from being the dominant force across the entire economy. In response to technological deflation, the central banks of the world will have to create new money in perpetuity, increasing the stream at an exponentially rising rate much higher than is currently assumed. This now-permanent need for monetary expansion, if embraced, can fund government spending more directly. This in turn creates a very robust, dynamic, and efficient safety net for citizens, while simultaneously reducing and even eliminating most forms of taxation by 2025. Failure to recognize that technological deflation mandates permanent and ever-rising central bank monetary expansion that can and should gradually become the primary source of government spending will precipitate a major financial crisis starting as soon as 2017.
