News for hackers. Stuff that matters.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by tossandthrow on Saturday April 13, 2024 @05:22PM (#40026282)
Yes, so I am saying that a median income today could sustain a 6 person household if you were allowed to fix your comfort level to the level of the 60s. That is 3 more than a single median income supported in the 60s.

I am definitely not trying to paint a rose-glass view of the past. I am saying that we do have more prosperity today than we had 60 years ago.

I am also saying that we pay of a lot of time to have things that provide diminishing returns. (Ie. would you rather have flush toilets or access to facebook - style of reasoning). Maybe the famous 80% value for 20% cost is also inflating?

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by woodruffw on Saturday April 13, 2024 @05:35PM (#40026367)
Sorry, I badly misread your post! I agree about the diminishing returns.