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It is very weird that we are getting back to 1970s price of airplane tickets - but not for any kind of premium service. The dropping of price of air travel was one of the nice things of technological progress, interconnecting the world.

On second thought though, the price has really fell down, it's just fiat value that is taking. Don't get confused by Monday illusions (Cc:@JurajKarpis )

New York -London.

1970: 385–513 grams of gold

2024: 7–16 grams of gold

We're good, just don't trust the fiat coins. That's the scam. Capitalism works, if you don't use shitty state products, in this case fiat money.

Only keep in fiat what you can afford to lose.

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Discussion

9sirtom5 1y ago

Also don't forget the ridiculous price of all the regulation in that industry.

Juraj 1y ago

True, but lots of regulations were actually removed. There used to be state sanctioned monopolies of airlines in many countries.

But yeah, people can't take their guns and mineral water, that is ridiculous. And not going away :(

9sirtom5 1y ago

Not only.

But due to ridiculously complex regulations especially on small aircrafts we don't have flying cars or generally small and cheap small aircraft services.

Long-BTC-81 1y ago

Yeah Fiat is not good measuring instrument at all