3 ms·
TIL that the vice president of the FED doesn't know about Moore's law. "Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful,
by tobias3 15y ago
TIL that the vice president of the FED doesn't know about Moore's law.
"Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful," he said."You have to look at the prices of all things."
"I can't eat an iPad," another said.
- mindslight 15y agoSeparate your perspective. Most likely they're just counting on your common D/R consent-voter not knowing about Moore's law. As competition in the free market is all about finding ways to do things cheaper, most things should be continually less expensive. The Fed policy mandates the exact opposite, with the ensuing monetary expansion (+ over-encouraged consumer investment) driving the parasitic FIRE economy.
- rphlx 15y agoToday you can buy a Pizza 2011 that is twice the cost of a Pizza 2000!