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Productivity Gains vs Inflation

This following is based on my current grasp of Jeff Booth‘s ideas from his book, The Price of Tomorrow.

All industries experience varying degrees of productivity gains due to advances in technology.

Productivity gains = lower cost of goods & services.

And while the most obvious is consumer electronics, EVERY industry experiences lower costs due to productivity gains. And you should see lower prices in the marketplace. But government-mandated inflation pushes prices up, counteracting gains in productivity that led to lower prices.

The advantage that the consumer electronics industry has with lower-and-lower prices is Moore’s Law, which allows productivity gains to out-pace government-mandated inflation.

Again, ALL industries have varying degrees of lower costs due to productivity gains – which you should see – but inflation stamps out the reduced prices that should be passed on to you.

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Bitcoin Resources

The Bitcoin Standard

by Saifedean Ammous

Bitcoin Whitepaper

by Satoshi Nakamoto

Not Your Keys, Not Your Coins

by Andreas M. Antonopoulos

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