Index

accelerating rate of technological change, 26, 28, 71, 76, 121–122

accelerating technonomic medium (ATOM)

characteristics, 47–48

civilization to space

Earth’s surface, 115

exponential exploration and discovery, 117–119

extraterrestrial surface, 115

Moon, 115

robots, 116–117

creative destruction

artificial intelligence (AI), 14–15

3D printing, 15, 21

education and career preparation, 16–17

energy sector, 20–21

financial services industry, 17–18

healthcare sector, 18–19

and human collateral damage, 25–26

incumbents, 12

private spaceflight, 21

proliferation, 12

quantum computing, 15–16

rate of change, 12

Silicon Valley, 13

transportation sector, 17

deflation rate

GDP, 32

QE, 31

economy maintenance, 79–80

GDP, 11

grassroots campaign, 128–129

growth, 45–47

political platform

Democrat, 65–67

fiscal 2015, 69

Republicans/Libertarians, 65, 67

tax-and-redistribute programs, 68

reinforcing paradigm, 34

technological disruption, 22–25

transformation

American politics, 81–82

broader equity index, 84

central bank perma-QE, 87

DUES, 83–84, 86

high-crime urban communities, 82

immigration, 83

peace-of-mind dividend, 83

stipend, 82–85

technology industry, 85

United States economy, 85

alternative minimum tax (AMT), 52

Artificial Intelligence (AI), 122

creative destruction, 14–15

technological economics, 34–41

ATOM age implementation

individuals as part of, 107–110

for nations

Canada, 105–106

Hong Kong and Singapore, 104–105

Switzerland, 106

threshold, 97–98

transformation, 97

United States, 98–103

personal, 110–114

capitalism, 124

Congressional Budget Office (CBO), 59

Consumer Price Index (CPI), 31

creative destruction

AI, 14–15

3D printing, 15, 21

education and career preparation, 16–17

energy sector, 20–21

financial services industry, 17–18

healthcare sector, 18–19

and human collateral damage, 25–26

incumbents, 12

private spaceflight, 21

proliferation, 12

quantum computing, 15–16

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

trendline, 4–6, 122

Federal Reserve, 29–34

Federal income taxes, 124

Fed Funds (FF) rate, 29–32

financial inequality

QE money, 89

real inequality, 90–96

wealth redistribution, 89

government policy, U.S.

asset price crashes, 79

ATOM

economy maintenance, 79–80

political platform, 65–69

conventional wisdom, monetary expansion, 53–54

corporate tax, 77

current U.S. Federal tax code, 49–53

Federal budget, 57–59

Federal Reserve, 55–57

financial crisis (2017), 60–63

income tax, 76–77

marginal tax, 76–77

“peace of mind” dividend, 73–76

QE money, 53–54

real estate trap, 54–56

recessions, 79

skeptics, 77–78

universal stipend

central bank monetary expansion, 69–70

DUES, 70–73

Federal Reserve monetary, 70–71

Great Depression, 5

gross domestic product (GDP)

NGDP, 41–45

per capita, 2–3, 6, 11

real, 1–2, 41–44, 102

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

Moore’s Law, 7–8

net present value (NPV), 47

nominal gross domestic product (NGDP), 41–45

Quantitative Easing (QE), 30–32, 123

real inequality, 90–96

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

equity valuations, 45–47

Federal Reserve, 29–34

fiscal policy experts, 28

futurists and technology forecasters, 28

GDP

NGDP, 41–45

real, 41–44

macroeconomists, 28

monetary policy experts, 28

technological progress

Apple iPod unit sales, 10

deflation, 11

device proliferation, 8

economic impact, 11

Moore’s Law, 7–8

technological deflation devices, 9

technology diffusion, 8

U.S. Congress, 52, 123

U.S. economy

conventional wisdom, monetary expansion, 53–54

Federal budget, 57–59

Federal Reserve, 55–57

financial crisis (2017), 60–63

QE money, 53–54

real estate trap, 54–56

U.S. Federal tax code

IRS, 50, 52

social security (SS) tax, 51–52

tax complexity, 52

tortuous filing and collection process, 50–51

U.S. Federal Reserve, 123

paradigm shifts, 56–57

real estate trap, 55–56

U.S. Federal tax code

IRS, 50, 52

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