Quote Originally Posted by detltu View Post
Most goods and services would become commodities with fixed low prices or even free. We would move even more to an entertainment/artistic economy where people would pay extra to have certain things built by humans or tasks performed by humans. People would mostly spend their money on fashion/entertainment/luxury. I doubt we would be able to get rid of politicians either.
It seems like it SHOULD be deflationary, still a quantity and price for goods and services would be dictated by supply and demand, assuming a capitalist economy, and everyone would need some way to pay. How much extra art and entertainment are people going to be interested in paying for, in addition to the other deflated goods and services they are buying?