Don’t understand what’s going on with the world’s economies?
Let me ask you something. If all the previous major innovations that mankind has had ( fire, agriculture, the printing press, Industrial Revolution, the integrated circuit, the internet for example ) have succeeded in making mankind more prosperous and productive and should ( and has ) lead to cheaper and better products and services - then why do the Keynesian economists fear deflation ( ie - my computer now is both cheaper and far more powerful than the Commodore 64 I had in the early 80’s allowing me to be exponentially more productive). Why the fear?
Tug at that thread in the tapestry and see where it goes …