{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/deflation",
 "identifier": "kaal:entity:deflation",
 "name": "Deflation",
 "termCode": "deflation",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/deflation.md",
 "sha256": "bdc6d4ade60df17661670cf96bc501129fc82e4fa68e5c445ab0d062ba702e88",
 "additionalProperty": [
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   "name": "status",
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   "value": 2
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   "value": [
    "2021",
    "2026"
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 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782205-027",
   "identifier": "kaal:claim:3782205-027",
   "text": "An artificially scarce currency such as bitcoin is deflationary as long as its market expands, and like gold its price fluctuation makes it unsuitable for daily commerce.",
   "abstract": "The artificially scarce bitcoin currency is deflationary as long as its market expands. Like gold, its fluctuation makes it unsuitable for daily commerce.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205",
   "datePublished": "2021",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "holds while the currency's market is expanding"
   ],
   "source_pdf_sha256": "5ba52c63e81019b6867fb29c4a50821ff574e510d79b31b8ce9f4c726a0ebc71",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/6421319-007",
   "identifier": "kaal:claim:6421319-007",
   "text": "Price collapse under AI abundance is structurally different from cyclical deflation: conventional deflation reflects demand contraction or supply shocks inside scarcity frameworks, whereas abundance driven price implosion reflects production possibility frontiers shifting toward infinity.",
   "abstract": "Conventional deflation reflects demand contraction or supply shocks within scarcity frameworks. The price \"implosion\" that AI-driven production generates reflects production possibility frontiers shifting toward infinity.",
   "citation": "Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319",
   "datePublished": "2026",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "applies to cognitive and digital goods whose primary inputs become computationally post scarce"
   ],
   "source_pdf_sha256": "0f4f68e56ee48bb8b2d73d3ab7fd96fa572e76c195694ffa740360704c1b172d",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'deflation'. Derived node: a roster, not an adjudicated definition."
}