Earlier in the week I posted about robonomics and how robots are changing economics and life. Part of that change, I think, will be the end of money as we know it. Because price of production will fall so low, over time, the need for money will really go almost away. not completely, but almost.
Prices will be so low that for many basic goods, things can be given away, this includes food and basic necessities. This ends poverty right there. People will not need to work too long or hard to have access to better things. What will people do to measure and control the flow of this new wealth. I simply don’t know.