Though the foreseeable future is not as long as it used to be!
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the tech will help in the long term. But in the short term the more pressing issue is the debt and inability to raise taxes. So they have to keep inflation high in order to reduce the debt.
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Nominal GDP growth needs to keep up with the debt growth. Real growth from tech helps but we don't have time for that. Just have inflation to bump up the nominal gdp
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May I ask how you invest your money?
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Yeah I mean, all those "the data-pocalypse is coming with these low/no-code tools!" posts are really missing the mark imho. There's automation coming, but at least in the medium-near term it's more like what Excel did for accountants (increased total demand).
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