What is Reddit's opinion of The Age of Oversupply: Overcoming the Greatest Challenge to the Global Economy?

From 3.5 billion Reddit comments

See Daniel Alpert, The Age of Oversupply:

> [...] Daniel Alpert argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital [...]

We oversupply food, cell phones, clothes, cars, houses, plastic, almost everything. We produce garbage islands in the oceans because we oversupply so much and throw away so much. We have so many resources we prefer to tear up new mountains to recycling the precious metals in the phones we throw away. Market perverse incentives prioritize new extraction over recycling.

The extent of our oversupply is indicated by the amount of advertising we are subjected to. The ads are getting more and more intrusive, because we have so much production capacity we have to sell the oversupply more and more aggressively.

Why can't you index savings? Increase bank accounts as inflation rises.

Inflation becomes irrelevant, invisible with indexation. Prices rise, but your purchasing power isn't affected. Inflation can spiral upwards forever, so does the money supply and purchasing power doesn't go down.

Inflation is psychological, in this age of Age of Oversupply. Let psychopaths raise prices just because the poor have more money; we can confront that sociopathic psychology with indexation. Eventually they'll realize they're not gaining anything, and inflation will end. Or not, it doesn't really matter, since purchasing power does not decrease no matter how much prices rise.