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by alanwatts 3594 days ago
It has gotten cheaper in terms of physical resources (reality), but not in terms of money.

Two of the three main goals of the money system, as stated in the Federal Reserve Act of 1913, are to maintain stable prices and maximize employment.

So, not only does technological ephemeralization run counter to these explicit goals, it also cedes power from the super administrators who dictate the money supply which ultimately determines monetary prices across the globe.