Demographic Decline, Technological Productivity, and the Retreat from Fiat: A Macroeconomic Cross-Examination
This whitepaper examines the intersection of three converging macroeconomic trends: global population decline, exponential gains in productivity driven by automation and AI, and a growing philosophical and practical retreat from fiat currency regimes and central banking. The analysis is presented first from a Keynesian perspective, emphasizing systemic risks posed by the paradox of thrift and deflationary spirals. It then transitions to a Misesian (Austrian School) counter-analysis, arguing for the long-term viability and coherence of a decentralized, hard-currency, high-productivity, low-population economy.
