4 ms·
I dunno, I think technological progress does cause deflation to some degree, and it's perhaps one reason why folk haven't perceived inflation as much as otherwi
by sgtnoodle 5y ago
I dunno, I think technological progress does cause deflation to some degree, and it's perhaps one reason why folk haven't perceived inflation as much as otherwise over the last couple decades.
Burritos, blue jeans and Honda Civics haven't changed much technologically over the years, and their prices seem to track with average inflation.
From a user experience, a $1500 computer from 10 years ago is still likely to be usable and able to run modern software. Buying a $1500 computer today is a significant upgrade.
Burritos on the other hand aren't changing, and yet they're seemingly 50%-100% more expensive than they were 10 years ago.
Is it not possible that certain markets are deflating while others are inflating?