accelerating rate of technological change, 26, 28, 71, 76, 121–122
accelerating technonomic medium (ATOM)
civilization to space
Earth’s surface, 115
exponential exploration and discovery, 117–119
extraterrestrial surface, 115
Moon, 115
creative destruction
artificial intelligence (AI), 14–15
education and career preparation, 16–17
financial services industry, 17–18
and human collateral damage, 25–26
incumbents, 12
private spaceflight, 21
proliferation, 12
rate of change, 12
Silicon Valley, 13
transportation sector, 17
deflation rate
GDP, 32
QE, 31
GDP, 11
political platform
fiscal 2015, 69
Republicans/Libertarians, 65, 67
tax-and-redistribute programs, 68
reinforcing paradigm, 34
technological disruption, 22–25
transformation
broader equity index, 84
central bank perma-QE, 87
high-crime urban communities, 82
immigration, 83
peace-of-mind dividend, 83
technology industry, 85
United States economy, 85
alternative minimum tax (AMT), 52
Artificial Intelligence (AI), 122
technological economics, 34–41
ATOM age implementation
individuals as part of, 107–110
for nations
Hong Kong and Singapore, 104–105
Switzerland, 106
transformation, 97
capitalism, 124
Congressional Budget Office (CBO), 59
Consumer Price Index (CPI), 31
creative destruction
education and career preparation, 16–17
financial services industry, 17–18
and human collateral damage, 25–26
incumbents, 12
private spaceflight, 21
proliferation, 12
rate of change, 12
Silicon Valley, 13
transportation sector, 17
Direct Universal Exponential Stipend (DUES), 70–73, 83–84, 86, 98, 100, 123–124
economic growth, 122
accelerating nature, 4
“Dark Ages,” 6
exponential nature, 3
GDP, 6
historical events, 2
logarithmic scale, 3
opportunity cost, 6
Federal income taxes, 124
financial inequality
QE money, 89
wealth redistribution, 89
government policy, U.S.
asset price crashes, 79
ATOM
conventional wisdom, monetary expansion, 53–54
corporate tax, 77
current U.S. Federal tax code, 49–53
financial crisis (2017), 60–63
“peace of mind” dividend, 73–76
recessions, 79
universal stipend
central bank monetary expansion, 69–70
Federal Reserve monetary, 70–71
Great Depression, 5
gross domestic product (GDP)
trendline, 32
inflation fear, 122
Internal Revenue Service (IRS), 50, 52, 99
macroeconomy, 27
MIT Billion Prices Project, 33
monetary expansion, 53–54, 69–70, 122–123
money-printing, 30
net present value (NPV), 47
nominal gross domestic product (NGDP), 41–45
Quantitative Easing (QE), 30–32, 123
socialism, 124
Social Security (SS) tax, 51–52, 98–100
technological deflation, 29–34, 97, 122
technological disruptions, 122. See also creative destruction
technological economics
accelerating technological deflation, 29–34
artificial intelligence (AI), 34–41
fiscal policy experts, 28
futurists and technology forecasters, 28
GDP
macroeconomists, 28
monetary policy experts, 28
technological progress
Apple iPod unit sales, 10
deflation, 11
device proliferation, 8
economic impact, 11
technological deflation devices, 9
technology diffusion, 8
U.S. economy
conventional wisdom, monetary expansion, 53–54
financial crisis (2017), 60–63
U.S. Federal tax code
social security (SS) tax, 51–52
tax complexity, 52
tortuous filing and collection process, 50–51
U.S. Federal Reserve, 123
U.S. Federal tax code
social security (SS) tax, 51–52
tax complexity, 52
tortuous filing and collection process, 50–51
U.S. National Debt, 61
velocity of money (VM), 43
Weimar Republic of Germany, 30
world economy, 122
Yahoo Finance, 111
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