Inflation or Deflation? Jack Dorsey, Cathie Wood, Elon Musk, Jeff Booth Debate!
The Breakdown
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The Three Sources of Deflation
Three sources of deflation will overcome the supply chain induced inflation that is wreaking havoc on the global economy. Two are secular, or long term, and one is cyclical. Technology enabled inflation is deflationary. A i training cost for example, are dropping forty to 70 % at an annual rate - a record breaking deflationary force. Longer term we're seeing strong inflationary pressure. But then elon musk wades in, and he responds to kathy saying, i don't know about long term, but short term we're see strong inflationary Pressure. He then quoted a hilarious babylon b article, which says, saki points out that inflation doesn't matter since there
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