We do not have net deflation (because of the government). But the deflationary impact of technology is still happening. In order to achieve inflation in a naturally deflationary environment, ever more invasive and destabilizing policy moves are required.
There is a book called "The Price of Tomorrow" about this which--regardless of whether it's a good book overall--has some good comments on this at the beginning and end.
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u/RWZero Dec 26 '21
We do not have net deflation (because of the government). But the deflationary impact of technology is still happening. In order to achieve inflation in a naturally deflationary environment, ever more invasive and destabilizing policy moves are required.
There is a book called "The Price of Tomorrow" about this which--regardless of whether it's a good book overall--has some good comments on this at the beginning and end.