Speaking at the Aspen Ideas Festival, the billionaire tech investor said the Vatican’s concerns could discourage America in the AI arms race, warned of a democratic-socialist takeover and explained why he named Palantir after JRR Tolkien’s treacherous seeing stones.
Targeted deflation. 2% deflation per year. Guts assets and increases the value of production over financialization. You need to produce more than 2% to be worth sinking money into. Kill zombie businesses. Debt becomes a serious consideration rather than a thing you do as the normal. Need to pull the pin on 120 years of foolishness
Targeted deflation. 2% deflation per year. Guts assets
No it doesn’t it increases the value of them, exactly opposite to inflation that gut financial assets, which is why they generally have an interest.
With deflation you don’t need any interest rate, for your financial assets to gain value.
Targeted deflation. 2% deflation per year. Guts assets and increases the value of production over financialization. You need to produce more than 2% to be worth sinking money into. Kill zombie businesses. Debt becomes a serious consideration rather than a thing you do as the normal. Need to pull the pin on 120 years of foolishness
No it doesn’t it increases the value of them, exactly opposite to inflation that gut financial assets, which is why they generally have an interest.
With deflation you don’t need any interest rate, for your financial assets to gain value.