@DanielleFong @pmarca IMO tech is the explanation for lack of inflation here and Japan. Debating with @Jesse_Livermore if it's permanent.
@pmarca yes I still have no great idea about that. Construction is up insanely though.
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@davealevine@pmarca@Jesse_Livermore Tech has caused a 'lack of inflation' generally, but have you seen the eyepopping construction costs? - 5 more replies
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@DanielleFong@pmarca Free money bereft of consequence, distorts everything. But it's only ever a temporary sleight -of-hand -
@peterbayley@DanielleFong@pmarca bereft of consequence contributes greatly to distortion.
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