technology gets cheaper over time because of inflation.
explaining in brass tacks:
- technology gets cheaper as time goes on because of inflation, such that:
- in order for a publicly traded company to maintain "we're in business!" it has to continually cut costs, while attempting to add either value or perceived value in its products.
- the problem here is of course, the technology didn't actually get less expensive, it just got cheaper in the quality of the product, due to having to remain competitive with inflation. concurrently, the product also remains about the same cost, but the dollar has had much more printed, so ultimately the cost of acquiring a said thing, goes up as there is more money around making it less valuable.
-scarcity in money does not create abundance. it creates people starving.
ringo
npub13r…3tqd7
2023-03-15 22:58:07 UTC
in reply to nevent1q…a636
Author Public Key
npub13r5ny6sc2jyqwfyququr62tg7lp0r0rnaaadnxvlgqz9nt7q20wqq3tqd7Seen on
wss://nos.lolPublished at
2023-03-15 22:58:07 UTCEvent JSON
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