Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work cover image

When Bubbles Become Clouds

Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work

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The Impact of Technology Advancements on the Economy and Productivity

This chapter discusses the influence of technological advancements on the economy, inflation, and productivity. It explores the example of smartphones replacing multiple items in the CPI inflation basket and the role of the cloud in enabling innovation. The conversation also raises questions about boosting productivity and devaluation of non-tech jobs compared to tech jobs.

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