- 248 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
In this book, we will explore how 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 2025–30.
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 could result in countries falling behind more enlightened countries in a very short time.
The nature of current worldwide technology is to link various disruptions with each other, consume monetary liquidity to generate deflation, and lower the effective prices of most goods and services over time. Therefore, the entirety of worldwide technology has to be seen as a holistic economic entity, and can be defined as the 'Accelerating TechnOnomic Medium', or 'ATOM'
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Information
Table of contents
- Cover
- Half-Title Page
- Title Page
- Copyright
- Description
- Contents
- Welcome Page
- Executive Summary
- Chapter 1 Prologue
- Chapter 2 The Exponential Trendline of Economic Growth
- Chapter 3 Technological Disruption is Pervasive and Deepening
- Chapter 4 The Overlooked Economics of Technology
- Chapter 5 Characteristics of the Accelerating TechnOnomic Medium (ATOM)
- Chapter 6 Current Government Policy Will Soon Be Ineffective
- Chapter 7 Government Policies Must Adapt, and Quickly
- Chapter 8 The ATOM Transformation by Sector
- Chapter 9 Reframing ‘Inequality’
- Chapter 10 Implementation of the ATOM Age for Nations
- Chapter 11 Implementation of the ATOM Age for Individuals
- Chapter 12 The ATOM’s Effect on the Final Frontier
- Chapter 13 Conclusion
- Chapter 14 The Campaign to Make This a Reality
- FAQs
- ATOM Awards of the Month
- About the Author
- Index
- Backcover