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Of course it is. Things getting cheaper is really bad for the economy. That's why computers never became an industry, they just kept getting cheaper every year
by onraglanroad 8mo ago
Of course it is. Things getting cheaper is really bad for the economy.
That's why computers never became an industry, they just kept getting cheaper every year so nobody bought them. If only computing power had kept getting more expensive every year, we might have some kind of tech industry!
- bawolff 8mo agoA single (luxury) sector getting cheaper is not the same thing as generalized deflation
- onraglanroad 8mo agoComputers are not a luxury sector, they're practically built into every device because they're so cheap.
- onraglanroad 8mo agoThey're also hardly a single sector. What does growth look like if you remove tech stocks?