>>45444
That's basically the gist of it.

I don;t think that is really how inflation works particularly not the inflation we are seeing now which has many facets to it.

If your idea was correct we would be consistently seeing deflation ever since the 90s or even before as we are always coming up with new things to buy these days. People don't actually have an excess of money and they have been losing expendable income over the years not gaining it(in Australia I know they certainly have, the percentage of income spent on housing has only been going up). All this new Market would mean is that people would spend on that instead of other products(and worse case scenario we end up in a dystopian world were people live in horrid physical conditions and make up for it by escaping into a virtual world, they stop buying real paintings or flowers and by virtual ones instead).

It would create a virtual economy which might help alleviate the pressures of job loss caused by automation though.

Some of the rich would get richer some would get poorer, some would stay the same.