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The solution is to stop debasing our currencies by printing insane amounts of money, as the parent poster is implying. If the goal was to create higher-quality
by seibelj 6y ago
The solution is to stop debasing our currencies by printing insane amounts of money, as the parent poster is implying. If the goal was to create higher-quality goods every year rather than cheaper, lower-quality goods then the market would naturally develop this way. But we are constantly forced to reduce quality to maintain profitably in an easy-money world.
As an example of how this affects the real world, notice how the prices of good things - high quality meat, cheese, seafood, housing, education, healthcare - continue to rise every year well above the supposed “true” rate of inflation.