In this video I go through a more recent problem with the quantity theory of money.
The idea of inflation due to "money printing" does not hold true. When we look at technology, it is going to radically alter everything. In short, we are going to need a lot more money.
▶️ 3Speak
I can see how technology is more deflationary now than before. The advancements in Generative AI are quickly affecting jobs and replacing people. I think that even if we have more money, if people lose jobs, then there is no way for them to earn those. Web3 can be the answer, but it will be interesting to see how it can handle massive amounts of users. Apart from that, a lot of things that people can do in Web3, I think AI can do as well. So it will still be a struggle.