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It is fairly simple to look at the direct impact of technology on things. For example, anyone can see that if cryptocurrency is reaches mass adoption, it will reduce the total banks earn from the $35 wire transfer fees. But what about the indirect impacts of technology?
In this video I discuss how this is the real effect on the inflation picture. It is also something that few take notice of. We cover a couple of examples here but it applies to most new technologies.
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