Two unrelated concepts: monetary inflation and technological deflation. Very easy to imagine: a $5000 TV many years ago costs less than $100 IF they even make it - they don’t.
Discussion
Even making the case for abundance! A phone that does all those things in your pocket for under $500 vs what it would have cost you to have all of those experiences back then.
yes it is easy to imagine a $5000 TV from many years ago costing $100 today but it is hard to imagine what $5000 TV might be like many years in the future.
I’m confused. You said it’s hard to imagine deflationary abundance, but here the tv price is inflated. Either you misspoke or I’m missing something …
Now I am confused. How did the tv price inflate?
100 -> 5000
Ah I was trying to contrast that it is easy to understand the past but hard to project the future.
I can imagine a $5000 TV of many years ago costing only $100 today.
I can not imagine what a TV that cost $5000 in the future would be like or what it would possibly cost in today’s dollars. Depending on how far you go in to the future no amount of dollars today could buy you the features of a TV costing $5000 many years in the future.
Perhaps I am not clear. What is clear it is past my bedtime and I am sure I am making less sense than I think I am.
Alright. I think I know what you’re getting at.
But I’ll leave this gif regardless 😆
Also late here. Maybe my brain is fried.
You just said it’s hard to imagine it in first note but now you’re saying it’s easy…. lol
easy to look back and comprehend the past
hard to look forward and imagine the future
I guess… though I can imagine deflationary abundance I think … everything will be near free or whatever it costs to produce it with most competitive margins imagined unless daddy govt. regulates you into a nice regulatory mote