Market Monetarism and The Future of Monetary Policy with Scott Sumner
Village Global Podcast
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Is Technology Deflationary?
How do you explain technology being so deflationary and yet in inflation? Stan staing to saint lik, is there something that's technology. Is not that deflationry. Oh ome why technology is very, very deflationry for certain text sector things. And those are the things that fall in price rapidly. But so much of our economy is services that the overall rate of productivity growth in economy is really only one or two % a year.
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