Freezy on Nostr: AI is clearly a pretty powerful tool that can increase bureau job's productivity ...

AI is clearly a pretty powerful tool that can increase bureau job's productivity enormously. Sth like a digital harvester, where 1 person in such a tool can create the work output of dozens to hundreds doing 'manual' labor. This obviously causes deflationary pressure.

The sad thing is, that in our current fiat monetary system these technology induced productivity gainzz won't fully go into increasing everyones living standards but rather give money printing leeway for those controlling the money printer.

Surely, the stewards of the 'money garden hose' try their best to allocate that fresh money efficiently and to the best of society. But it seems obvious that this is an insurmountable task. Having everyone individually use their 'newfound' wealth as they seem fit seems superior.

Seems like the world is in need of a hard capped neutral reserve currency .. and I wonder what that could be.

#Bitcoin