Reacting to DOAC's "Emergency Debate"...
Ideas to take with you.
- 01
Every diagnosis of inequality since the 1970s stays incomplete without naming 1971, when the dollar left gold and the modern fiat era began.
- 02
A debt-based money system structurally cannot tolerate sustained deflation, which is why technology's natural price decline has to be fought with continued inflation at the base.
- 03
AI is a powerful deflationary force, and proposals to capture its gains in sovereign wealth funds misread the direction prices will move in a genuinely competitive market.
- 04
Ownership of real estate, equities, or businesses is still ownership inside a jurisdiction whose rules can change, which is why the property rights conversation eventually reaches the money itself.
- 05
The critique that a small group should not dictate economic terms applies equally to a central bank that sets the price of money for everyone else.
