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The price of technological goods such as TVs and computers have been going down constantly, and this means inflation of non-technological goods will be higher t
by meric 12y ago
The price of technological goods such as TVs and computers have been going down constantly, and this means inflation of non-technological goods will be higher than the official inflation rate.
The price of gold is around $1150 in 2015, and $35 in 1960, a 32 times increase.
The price of a KVLY tower increased 60 fold from $50,000 to $3m.
Compared this way, 60x vs 32x is much less extreme.
- forrestthewoods 12y agoI like your line of thinking, but gold seems like a really poor point of comparison. I tried to find inflation adjusted prices over time for things such as energy and steel and had difficulty. There's lots of easy data on oil but anything else is tricky. Hrm..
- meric 12y agoYou can compare other goods like college education, property, medical care besides precious metals. Things that take a lot of skill and labor, and where technology have little to no downwards pressure on the price.