The Accelerating TechnOnomic Medium ('ATOM'): It's Time to Upgrade the Economy - Softcover

Kartik Gada (author)

Softcover

ISBN 10: 1631578669 ISBN 13: 9781631578663

Publisher: Business Expert Press, 2017

Synopsis

The accelerating pace and diffusion of technological change has taken control of an ever-growing fraction of the world economy. This fraction is being assimilated into a different set of economic fundamentals, such as the rapid and exponential price deflation inherent to technology. The effect of this was insignificant until recently, but is now beginning to create conspicuous distortions in many economic metrics, and is just years from being the dominant force across the entire economy. In response to technological deflation, the central banks of the world will have to create new money in perpetuity, increasing the stream at an exponentially rising rate much higher than is currently assumed. This now-permanent need for monetary expansion, if embraced, can fund government spending more directly. This in turn creates a very robust, dynamic, and efficient safety net for citizens, while simultaneously reducing and even eliminating most forms of taxation by 2025. Failure to recognize that technological deflation mandates permanent and ever-rising central bank monetary expansion that can and should gradually become the primary source of government spending will precipitate a major financial crisis starting as soon as 2017.

About this title

About the Author

Kartik Gada is widely renowned futurist with a lengthy career in investment banking, hedge funds, and technology product management. As a futurist, he has 14 years of archived predictions at his blog (www.singularity2050.com), with a high degree of accuracy. He teaches finance and technology classes at Stanford University, and has delivered over 100 conference keynotes worldwide to audiences of up to 3,000.

Edition details

• Publisher: Business Expert Press
• Publication date: 2017
• Language: English
• ISBN 10: 1631578669
• ISBN 13: 9781631578663
• Binding: Paperback
• Number of pages: 149