Mark Moss shows deflation already happened in tech. Personal computers dropped 93% in price since 2000, video and audio products fell 67% since 2009. Even accounting for better features, the functional cost per unit has collapsed.
This has been running for over 26 years since we really got into technology, starting with personal computers, personal computers, peripherals, and all of those things have continued to get cheaper. They're down about 93%, as we can see, have fallen all the way down 93% since January of 2000. Now the index is 1/14th of what it was. We can see video and audio products are down 67% just since 2009. Now, somebody always says, like, I can hear it in the comments already right now, that sure, but yeah, what about quality adjustments? That's not the price. And that's kind of right, okay? But you can't buy the same computer in 2000. You can't buy that anymore, right? The thing that replaced it costs a fraction per unit of what it does, right? So that's the whole point. When machines make the thing, the price of what the thing does, it collapses. Okay, so it doesn't matter. And we could have in, in the same country, we could be using the same currency, but 26 years of study of BLS statistics measuring every single month shows that deflation isn't coming, the deflation already came.
