566 sats \ 2 replies \ @antic 11 Nov 2023 \ on: It's Deflation, Not Inflation - via The Sovereign Individual 📖 meta
Inflation/deflation will depend on the asset. Everything moves at different rates, despite the simplistic attempt of CPI to make a single metric of all things.
It’s hard to generalize this into a blanket statement. Housing is currently undergoing deflation, bitcoin inflation, some food is inflating while some is deflating (local organic eggs are cheaper than they were last year but more than they were 5 years ago)… it’s a highly nuanced set of multi-variate threads.
I think the development of fusion power stations is going to massively affect this over the next 5-10 years. We will have functionally free residential energy (in some places) in the near future.
Appreciate your thoughts. You're right, it's a bit of a mixed bag at present.
On the other side of all this, I do believe things will be glorious. But a bust of this magnitude could be painful for many. Especially those whose livelihoods or wealth depend on asset price appreciation & being able to service debts.
Would love to read a long-form post on fusion energy. You got time for sharing a write-up or some resources?
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Start with this:
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