I'm more excited about seeing the real impact of productivity gains. Our society should already be deflationary but the government steals this and then some. People wonder why health care costs are going up 25% per year and blame doctors. I expect it's just that medical care doesn't see the same productivity gains you see in manufacturing. It's probably more representative of the actual monetary debasement where most of the stuff in the CPI basket have large productivity improvements offsetting the inflationary pressure.
If everything got 20% cheaper year over year noone would mind lowering wages though it would take some getting used to.
darnzen /
npub10x…wya8k
2023-03-13 05:49:05
in reply to nevent1q…8wc0
Author Public Key
npub10x3e4kfqmkcxs46mj8qcj5eyq37a5s7jhldp8pvt39xy7et69fjsewya8kPublished at
2023-03-13 05:49:05Event JSON
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"content": "I'm more excited about seeing the real impact of productivity gains. Our society should already be deflationary but the government steals this and then some. People wonder why health care costs are going up 25% per year and blame doctors. I expect it's just that medical care doesn't see the same productivity gains you see in manufacturing. It's probably more representative of the actual monetary debasement where most of the stuff in the CPI basket have large productivity improvements offsetting the inflationary pressure. \n\nIf everything got 20% cheaper year over year noone would mind lowering wages though it would take some getting used to.",
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