The Accelerating TechnOnomic Medium ('ATOM') : it's time to upgrade the economy /
Gada, Kartik,
The Accelerating TechnOnomic Medium ('ATOM') : it's time to upgrade the economy / Kartik Gada. - First edition. - New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, (c)2017. - 1 online resource (xvii, 141 pages) - Service systems and innovations in business and society collection, .
1. The exponential trendline of economic growth -- 2. Technological disruption is pervasive and deepening -- 3. The overlooked economics of technology -- 4. Current government policy will soon be ineffective -- 5. Government policies must adapt, and quickly -- 6. The atom transformation of specific industries and communities -- 7. Reframing "inequality" -- 8. Implementation of the atom age for nations -- 9. Implementation of the atom age for individuals -- 10. The atom's effect on the final frontier -- 11. Conclusion -- 12. The campaign to make this a reality -- FAQs -- References -- Index.
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."
Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
9781631578670
Technological innovations--Economic aspects.
Economic policy.
accelerating change artificial intelligence ATOM automation Bank of Japan basic income big data computer vision data science deep learning deficit European Central Bank Exoplanet Federal Reserve GDP income tax machine learning monetary policy national debt natural language processing quantitative easing robotics singularity tax technological deflation technological progress technological unemployment
Electronic books.
HC79 / .A234 2017
The Accelerating TechnOnomic Medium ('ATOM') : it's time to upgrade the economy / Kartik Gada. - First edition. - New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, (c)2017. - 1 online resource (xvii, 141 pages) - Service systems and innovations in business and society collection, .
1. The exponential trendline of economic growth -- 2. Technological disruption is pervasive and deepening -- 3. The overlooked economics of technology -- 4. Current government policy will soon be ineffective -- 5. Government policies must adapt, and quickly -- 6. The atom transformation of specific industries and communities -- 7. Reframing "inequality" -- 8. Implementation of the atom age for nations -- 9. Implementation of the atom age for individuals -- 10. The atom's effect on the final frontier -- 11. Conclusion -- 12. The campaign to make this a reality -- FAQs -- References -- Index.
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."
Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
9781631578670
Technological innovations--Economic aspects.
Economic policy.
accelerating change artificial intelligence ATOM automation Bank of Japan basic income big data computer vision data science deep learning deficit European Central Bank Exoplanet Federal Reserve GDP income tax machine learning monetary policy national debt natural language processing quantitative easing robotics singularity tax technological deflation technological progress technological unemployment
Electronic books.
HC79 / .A234 2017