Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by tastyfreeze on Sunday April 14, 2024 @03:20AM
(#40029309)
The comparison doesn't work on manufactured products. You can really only compare commodities.
Anything that is manufactured has a multitude of factors that will reduce cost of a product significantly over time. If the circuitry in an Xbox were constructed in 1960 no government on the planet would have been able to afford it. It would also be difficult to find enough power to run it or a place big enough to build it with the technology of the time.
Anything that is manufactured has a multitude of factors that will reduce cost of a product significantly over time. If the circuitry in an Xbox were constructed in 1960 no government on the planet would have been able to afford it. It would also be difficult to find enough power to run it or a place big enough to build it with the technology of the time.