"Basically, we're just going to distribute money to people."

“I believe we will have a universal high income. Basically, we will distribute money to people because the production of goods and services will far exceed the money supply, which will effectively cause deflation.

Deflation is simply the ratio between the production of goods and services and the money supply.

Therefore, if the growth rate of goods and services far exceeds the growth rate of the money supply, which I predict will happen, then there will be deflation.

Basically, AI and robots will produce so much and provide so many services that they will actually run out of things for humans to do. They will simply run out of things for humans to do.

There is a limit to what humans can express they want. If you grow a million times larger than the Earth's economy, you will have already saturated all human desires.

If you grow a thousand times larger than our current economy, you will probably have already saturated everything people can imagine they want.”