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Is Your Calculator App Driving Down GDP?
The free market is trying to drive price down in your productivity app. And then what ends up happening is because those drive price down so much or drive kind of, you have to inflate worse. You have to drive more credit to keep up that bond scheme. It's most people need two jobs in their family or two people working to do the same thing that one person working 30 years ago would require. That presupposes misallocation of capital and monetary growth forever in a system that just wastes our time.