Articles
Immaculate Disinflation
Today I’m going to talk about immaculate disinflation — lower inflation without recession.
November 11, 2026
Published May 12, 2025
Combining elements of direct and representative voting, liquid democracy allows individuals to either vote directly or delegate their vote to someone they trust. Real-world applications in blockchain governance, shareholder decision-making, and AI oversight reveal both structural challenges — low participation, vote concentration, and weak civic incentives — and signs of institutional promise. As digital platforms reshape how decisions are made, liquid democracy invites a broader reconsideration of how democratic systems might function in a more networked, decentralized society.
Check out more from Andrew B. Hall:
- Read "Harmonizing Democracy and Tech" by Andrew B. Hall here.
- Read "What Happens When Anyone Can Be Your Representative?" research paper by Andrew B. Hall here.
- Read "What Kinds of Incentives Encourage Participation in Democracy?" by Andrew B. Hall here.
Learn more about Andrew B. Hall here.
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The opinions expressed are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.
© 2025 by the Board of Trustees of Leland Stanford Junior University.
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Andrew B. Hall
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