A new era of deflation is upon us

Powerful forces of change have been unleashed on the world that will put downward pressure on prices and keep interest rates low for the rest of the decade.

I spent some time yesterday with a young man who has created a new book-publishing platform based in Australia, called Tablo. It’s beautifully designed, has 20,000 authors writing for it, hundreds of thousands of readers, and a couple of months ago the business was valued at $4 million in a seed funding round that raised $400,000.

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