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myaccount80 | 6 years ago

Are you considering “having cheaper stuff” actually progress in terms of humanity ?

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the_pwner224|6 years ago

Yes, when everything becomes cheaper we can pursue greater technology. Having a 5GHz computer would have been impossible some decades ago; now they can be used for scientific research by anyone who has $500.

Ultimately price is just a measurement of how many resources it takes to make something, with the currency added in as the medium of exchange. A product being cheap means it is now easy for us to make; the previous price of the now-cheap product will be taken up by a better product.

Dylan16807|6 years ago

Sure, why not? Cheaper stuff, from another angle, means you can work fewer hours to achieve the same lifestyle. And that's pretty good!

Applejinx|6 years ago

But you don't. None of us do. At some point theory has to run into a reality check.

harryh|6 years ago

Yes, the march of human progress can be measured in the decrease in prices of all of the things we produce.