Law of Accelerating Returns is Driving Economic Growth
- The portion of a product or service’s value comprised of information is asymptoting to 100%
- The cost of information at every level incurs deflation at ~ 50% per year
- This is a powerful deflationary force
- Completely different from the deflation in the 1929 Depression
(collapse of consumer confidence and money supply)
One should explicitly consider the above when contemplating the outlook for the economic recovery and inflation. All of our companies are information value creators and enablers.
Aberdeen Investment Management, LLC
http://www.aberdeeninvestment.com/
from Ray Kurzweil
http://www.aberdeeninvestment.com/wp-content/uploads/2009/11/Kurzweil-Selected-Charts-Telecosm-2009-PART-3-OF-3-11-11-09.pdf
Ray Kurzweil
http://www.kurzweilai.net/