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There’s basically no real inflation in the cost of technology — computers and that sort of stuff are actually getting cheaper. From the Bureau of Labor Statistics:
Have you bought a TV or computer recently? If so, you may have noticed their prices have steeply decreased over the years, while their quality continues to improve. From December 1997 to August 2015, the Consumer Price Index for personal computers and peripheral equipment declined 96 percent. Most of the decline in this index occurred between 1998 and 2003. The price index for TVs decreased 94 percent from December 1997 to August 2015. This decline was more gradual than the decline in the price index for personal computers.
Here’s a fun chart to ponder:
Notice, though, which lines are going up? Cable TV service, satellite service — all of the things, frankly, that are either already regulated or about to be.
Where there is the most cutthroat competition there are falling prices and rising quality.
Where there is the heavy hand of government regulation there are rising prices and lousy service.
Why is this so hard for the left to understand? This graph could be relabeled for education, food, transportation … you name it.Published in