Ever cheaper goods at increasing cost, or ever richer goods at decreasing cost, which way Western man?
Discussion
In real terms, the cost of goods is going down with fiat, but the population is just getting poorer faster.
In real terms, the cost of goods goes up with #Bitcoin as a richer and richer population seeks out higher quality.
At least the easy that I use it, "cost" is a loaded term. It includes more than the immediate market price of the item, it includes consequences of, say, buying polyester clothing, it other long term effects of fiat-brained decision making.
Likewise with Bitcoin, I'm assuming aggregating benefits that increase over time and eventually counteract the fiat consequences.
Right.
In fiat land, the cost is only going down because quality/soundness is, but in nominal terms the price still goes up because of inflation.
In #Bitcoin land, a wealthier customer base means companies can produce costiler/more valuable goods and services while still enjoying a large market that will grow over time.