Nanotechnology: Economics

Economic Impact of the Personal Nanofactory
by Robert A. Freitas Jr.

Deflationary forces resulting from mass availability of desktop personal nanofactories can be opposed by inflationary forces competently initiated by governmental monetary authorities.


Originally published in Nanotechnology Perceptions: A Review of Ultraprecision Engineering and Nanotechnology, Volume 2, No. 2, May 8, 2006. Reprinted with permission on KurzweilAI.net, May 8, 2006.

Is the advent of, and mass availability of, desktop personal nanofactories (PNs) [1] likely to cause deflation (a persistent decline in the general prices of goods and services), inflation (a persistent general price increase), or neither?

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