While central banks print money to keep price levels steady, technology does the exact opposite. It is the relentless pursuit of doing more with less. Here is the mechanism: 1️⃣ Innovation & Efficiency: New tech (automation, AI, robotics, better software) radically improves productivity. 2️⃣ Lower Costs: It becomes cheaper, faster, and easier to produce goods and services. The marginal cost of digital goods hits near zero. 3️⃣ Competition kicks in: In a free market, lower production costs force companies to drop prices to win customers. Think about the computing power in your pocket today vs. a million-dollar supercomputer from the 80s. That’s tech deflation at work. As AI begins to automate intelligence and services, this deflationary pressure will go exponential. Technology wants things to be abundant and cheap. The money printer wants price levels to stay the "same". That is the defining economic battle of our era.