Editing Idea:The Asset Inflation Paradox During Technological Deflation (section)

== Types of Asset Inflation During Deflation ==

=== 1. Equity Inflation ===
'''Mechanism''': Stocks represent claims on future automated cash flows
* P/E ratios become meaningless as "E" approaches zero in deflated terms
* Stocks valued on revenue multiples or user metrics
* Market cap concentration in AI-era survivors
* Growth becomes zero-sum battle for market share

=== 2. Real Estate Inflation ===
'''Mechanism''': Land/location remain scarce while construction costs plummet
* Prime real estate in tech hubs becomes hyper-valuable
* Construction democratized but location isn't
* Remote work changes but doesn't eliminate geography
* Physical assets hedge against monetary debasement

=== 3. Intellectual Property Inflation ===
'''Mechanism''': Patents, copyrights, and data become the only scarce inputs
* Winner-take-all IP portfolios
* Data network effects create moats
* Brand value disconnected from production costs
* Platform control points extract increasing rents

=== 4. Alternative Assets Inflation ===
'''Mechanism''': Store-of-value assets during monetary expansion
* Art, collectibles, crypto appreciate
* Hedge against both deflation and monetary debasement
* Speculation driven by excess liquidity
* Status symbols in a world of abundance