[LMB] No lefties in the Nexus
phoenix at mindstalk.net
Fri Oct 4 22:58:33 BST 2019
On Fri, Oct 04, 2019 at 01:41:05PM -0400, Fred Smith wrote:
> On Fri, Oct 04, 2019 at 12:09:04PM -0500, Tony Zbaraschuk wrote:
> > One may also note the assumption that things will always stay out of reach
> > of the poor. Over the long term, prices tend to drop -- one of the ways
> > medicine advances is getting rich people to pay for untested things,
> > and those which pan out often drop in price and therefore affordability.
> but, unfortunately, the value of a dollar (euro, yen, won, whatsis)
> tends to drop too keeping some things forever out of reach.
No, in general purchasing power has increased. The price drop of techs
maturing is faster than the purchasing drop of modest inflation. This
is why cars and computers and smartphones are common.
-xx- Damien X-)
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