Future of Money and Economy

be more likely to be great.

And I do think we'll have universal high income.

We'll basically just issue money to people, you know,

and the really just, because the output of goods and services

will so far exceed the money supply that, you know,

that effectively you have deflation,

because just deflation is just the ratio of the outputs

of goods and services to the money supply.

So that's, so if the rate of growth of goods and services

far exceeds the rate of growth of the money supply,

which I predict will happen, then you will have deflation.

Yes.

And a lot of people spinning up new companies,

competing against each other, driving the price down

and increasing the variability, and deflation.

Faster and faster.

Yeah, it's basically AI and robots

are going to make so much stuff and provide so many services

that they will actually run out of things to do for the humans.

They'll just run out of things to do for the humans.

And then they, well, you know, there's only so much

that humans can even express that they want.

So you go back to my example of like,

if you go a million times greater than the US economy,

you've long since saturated all human desire.

You know, like, maybe, like,

if you go a thousand times more than our current economy,

a thousand times, you probably have already saturated human,

anything people can think of that they want.

So do you think the value of money is going to significantly decrease?

Will we go post-capitalist?

Yeah, I think money will stop being relevant

at some point in the future.

So just as you're becoming a...

It's probably something like an in-banks culture sort of future.

And I think the AI down the road

will really not use human currency.

It will just care about power and mass, wattage and tonnage.

It's kind of ironic then, right?

Just as you're becoming a multi-trillionaire,

money starts to have less value.

Yeah, pretty much.

Yeah, you know, all this stuff,

it's really just trillionaires represents

like some percentage ownership in companies that I've built.

And it's not like sitting in a bank account.

It's just literally I own a percentage of the companies.

The companies are doing lots of useful things.

The value of the company grows.

I own a percentage of the companies.

And that sums up to that number, which seems high.

Yeah, I was interviewed by somebody

who was asking me about your drive, what drives you.