Money is the measure of the productive capacity of an economy. If you increase the money without increasing the capacity then you get inflation. But let's be charitable and assume that "Gud" was talking about increasing the capacity commensurately. Because that's what's happening. AI, robots and almost zero marginal cost green energy are going to increase the productive capacity of economies dramatically over the next decade or two.
You might have that argument with nuclear energy, because most of the cost is upfront. But approval process for that will have to be expedited by congress.
Oh boy, maybe much much later on, 15-30 years from now if we're lucky, and maybe just the opposite. But as for coming decade? Forget it. https://www3.weforum.org/docs/WEF_Global_Risks_Report_2023.p...
Natural monopolies certainly exist in sectors of the economy like public utilities, but I don't think they are so strong in tech.
My personal view: AI makes most of the world's population in the long run surplus to requirements for people who own capital, societal power and the planet's scarce resources. That's a form of monopoly.
You can't really just throw money at the demand side of the equation and expect everything else to stay the same. Supply side will raise their prices because they can (when everyone's got $10M in the bank, why not charge $50, $500 or even $5,000 for a loaf of artisan bread? And eventually other producers of bread follow suit because the consumer has become less price sensitive).
If you want to improve everyone's standard of living, what has repeatedly worked throughout history is to lower the cost of production through technology, and ensure there's lots of competition on the supply side. With enough competition, producers are unable to behave like a cartel. Eventually someone cracks and sacrifices part of their margin to attract more customers, and then a price war ensues. A textbook example is salt, which for most of human history was quite expensive, but after mechanized mining techniques were developed it became so cheap that for the average household it's practically free.
Technology + competition. At this moment in history we're quite good at the technology part of the equation but we have allowed many monopolies and oligopolies to form, so we're struggling at the competition part.