The long run trend is for everything to get cheaper in real terms........
There is nothing in your response that i would disagree with. But the problem is,that you are just stating a fact, most of the time you bring that topic up in discussions of inflation.
The trend for everything to get cheaper is called progress. Better design and technology, improved engineering, better manufacturing, innovation = increased productivity.
Do anything for a while and you get constantly better at it.
But this has nothing to do with what is being discussed here on this thread, namely: excess money and credit creation, bubbles, government intervention and distortion of economy, fiscal mismanagement.
In fact, excess money creation, if continued, will over time reverse the trend that you write about, by removing the incentives to save, work, invest and innovate, the very things that are drivers of that trend. |
