291 sats \ 1 reply \ @davidw 5 Mar
Interesting outlook! Technology causing deflation, that then just gets papered over as usual.
The value of currency is backstopped by energy price, so once solar energy crosses some productivity threshold (~10 TW) to become the dominant source of energy in the world (around 2035), further cost decreases will be expressed not as a reduction in $/MWh but in partial deflation for some goods/services and inflation for others.
reply
Solar dominance by 2035?
Too optimistic
reply