4 ms·
That sounds like a variant of the broken window fallacy. Stuff getting cheaper isn't bad for the economy; see technology in the last 100 years.
by orangecat 17y ago
That sounds like a variant of the broken window fallacy. Stuff getting cheaper isn't bad for the economy; see technology in the last 100 years.
- lliiffee 17y agoI'm not sure what the broken window fallacy has to do with anything. As for technology, see the comments in the article by economists about the difference between lowering prices based on improved productivity (good) and just lower demand (bad).