Technology pushes prices down while central banks pump money into the economy, driving them up. Jerome Powell, Janet Yellen, and other Fed chairs created excess currency that fuels inflation, but deflation from tech advancement works against it. Real estate will swing hard depending on which force wins.
When we talk about inflation or deflation or stagflation over the coming years, in the future, there's this war, right? It's a war between the deflationary aspect of technology and the inflationary aspect of bad monetary and fiscal policy. And so these are butting heads, these two huge forces, Right. You know, you print money into oblivion. Thank you. Jerome Powell, Janet Yellen, you know, Ben Bernanke, Alan Greenspan, and many before, except for Paul Volcker. Okay. Other Fed chairs over the years and the chairs of other central banks around the world. Right. They have created so much currency, so many currency units, that that's very inflationary. But technology and all of the benefits of it are very deflationary because it just has such massive scale.
