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题名/责任者:

The Accelerating TechnOnomic Medium ('ATOM') : it's time to upgrade the economy / Kartik Gada.

版本说明:

First edition.

出版发行项:

New York, NY : Business Expert Press, 2017.

ISBN:

9781631578663

载体形态项:

xvii, 141 pages ; 24 cm.

丛编说明:

Service systems and innovations in business and society collection

个人责任者:

Gada, Kartik, author.

论题主题:

Technological innovations-Economic aspects.

论题主题:

Economic policy.

中图法分类号:

F403.6

书目附注:

Includes bibliographical references (page 137) and index.

摘要附注:

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. 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."

系统细节附注:

System requirements: Adobe Acrobat reader.

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