pull down to refresh
20 sats \ 1 reply \ @028559d218 11 Mar \ parent \ on: Trump's Move of The Day... Going After Rep. Massie Politics_And_Law
This is a really important point.
Costs of things are not 'going up'. If anything costs for goods should be going down as technology improves. Things should, all else being equal, become more plentiful not less due to technological improvements.
So the costs of things isn't "going up"... instead the dollar is constantly losing value. That's why things are so expensive, and why 'costs' go up every year.
The dollar (and Euro) are pre-programmed to lose value every single year and buy less and less 'stuff' they are designed this way. If things are unaffordable the answer is better productivity/training/compensation, combined with 'better money' which is obviously Bitcoin.
I basically agree... but it's a little deeper than just that since if it's entirely due to dollar devluation, incomes would be rising too. I think another big issue is that onerous barriers to entry and monopolized markets (largely supported by government largesse) are causing the prices of certain goods to outpace income growth... sometimes by a lot. You'll notice that the goods I mentioned: housing, medical, education, childcare, are all heavily regulated by the government.
reply