> As a consumer, isn’t that a good thing? Unfortunately not really, because any gains that would be had from prices going down are automatically erased by the

> As a consumer, isn’t that a good thing? Unfortunately not really, because any gains that would be had from prices going down are automatically erased by the Fed creating enough new money to ensure that average prices continue to go up. And rather than that money being injected broadly into the economy or spent by the government on useful endeavors, it just reaches consumers in the form of loans. So effectively EVs getting cheaper means that housing gets more expensive. See also: how the last 30 years of free trade policy has gutted American manufacturing jobs while not actually increasing individual purchasing power.