RE: The Exponential Age: Changing The Mindset About Economics
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Yea i don't think compounding of interest is going to be that important in the future. I think advances in technology is going to make many things we buy cheaper and cheaper. i think it's going to take alot less money to buy the things we need in the future. So we will end up eventually almost cashless. So we'll use cash but the accumulation of it won't be as necessary as it is now according to many tech experts.
We'll advance with 3d printers and soon people will be sitting home producing many of the parts they need. Cutting out alot of manufacturing. So i don't think cash will be as important as people think in the future. So i expect alot of changes in our economic mindset. It kinda happens now with people massively quitting jobs. Rejecting ceo jobs for simpler jobs. They are saying the accumulation of cash is of less importance to us then it may have been a decade prior.
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