3 ms·

also the basket of goods is mostly impacted significantly by technology which causes deflation. it doesn't include things that don't have acute tech-driven inf

also the basket of goods is mostly impacted significantly by technology which causes deflation. it doesn't include things that don't have acute tech-driven inflation (housing/education/healthcare) where tech can't drive prices to zero as easily.

iso1210 5y ago
> it doesn't include things that don't have acute tech-driven inflation (housing/education/healthcare 80 years ago the President of the USA suffered from polio. A vaccine costs about $1 now. Education at primary/secondary level is mainly salary, buildings, land, so tracks well with inflation. As locations concentrate, attractive land increases in value. Land in the middle of nowhere decreases in value if population is stable (but of course population has increased too)