TY  - BOOK
AU  - Gada,Kartik
TI  - The Accelerating TechnOnomic Medium ('ATOM'): it's time to upgrade the economy 
T2  - Service systems and innovations in business and society collection,
SN  - 9781631578670
AV  - HC79 .A234 2017
PY  - 2017///
CY  - New York, New York (222 East 46th Street, New York, NY 10017)
PB  - Business Expert Press
KW  - Technological innovations
KW  - Economic aspects
KW  - Economic policy
KW  - accelerating change
KW  - artificial intelligence
KW  - ATOM
KW  - automation
KW  - Bank of Japan
KW  - basic income
KW  - big data
KW  - computer vision
KW  - data science
KW  - deep learning
KW  - deficit
KW  - European Central Bank
KW  - Exoplanet
KW  - Federal Reserve
KW  - GDP
KW  - income tax
KW  - machine learning
KW  - monetary policy
KW  - national debt
KW  - natural language processing
KW  - quantitative easing
KW  - robotics
KW  - singularity
KW  - tax
KW  - technological deflation
KW  - technological progress
KW  - technological unemployment
KW  - Electronic books
N1  - 1 (page 137) and index; 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; 2; b; Also available in printing
N2  - 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."
UR  - https://go.openathens.net/redirector/ciu.edu?url=https://portal.igpublish.com/iglibrary/search/BEPB0000624.html
ER  -