Yes, when everything becomes cheaper we can pursue greater technology. Having a 5GHz computer would have been impossible some decades ago; now they can be used

Yes, when everything becomes cheaper we can pursue greater technology. Having a 5GHz computer would have been impossible some decades ago; now they can be used for scientific research by anyone who has $500. Ultimately price is just a measurement of how many resources it takes to make something, with the currency added in as the medium of exchange. A product being cheap means it is now easy for us to make; the previous price of the now-cheap product will be taken up by a better product.