Re:Why the 2% Inflation Target? (2023)
by chowchowchow on Friday March 22, 2024 @06:52PM
(#39795686)
I'm not sure it's a meaningful question... for $1600 I can get an iPhone which is more capable than anything you could buy for any price in 1991. Is the argument that this means there's been deflation? To me its a category difference and you can't compare because prices aren't set entirely by capability conferred but also by cost of production and demand.
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