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> This is at a time where technology is making everything cheaper mind you... If this were true, then there would be no inflation.
by hyperpape 2y ago
> This is at a time where technology is making everything cheaper mind you...
If this were true, then there would be no inflation.
- wesammikhail 2y agoAre you seriously trying to argue that technology is adding to inflation? I'm not following...
- stetrain 2y agoIt doesn't make everything cheaper. The price of housing is one of the biggest drivers of cost of living in the US. The constraint on housing supply is primarily political (codes and zoning) not technological.
- LargeWu 2y agoAlso, financial. Interest rates play a huge part in both the supply and demand for housing.
- hyperpape 2y agoNo. I'm saying technology makes some things cheaper, but not all things.
- gruez 2y agoFor certain classes of goods that's arguably true. If you check the inflation categories you'd see that mass produced goods have actually gotten cheaper, but services involving people (eg. tuition or healthcare) has gotten more expensive. https://www.aei.org/wp-content/uploads/2022/07/cpi2022junea-3.png?x85095 https://www.aei.org/wp-content/uploads/2022/07/cpi2022junea-...