(12-12-2011, 12:23 AM)Jester Wrote:(12-12-2011, 12:05 AM)Lissa Wrote: Is everyone really richer or are things more affordable?
I don't know if you ever studied economics, but this is incoherent. It's like asking "Is this fraction bigger? Or is the denominator just smaller?" Six of one, half a dozen of the other.
What matters is the goods you can command. If everything is twice as affordable, then you are twice as rich.
-Jester
Not true. Consider the following. An IBM XT computer in the early 80s cost $2.5k (for simplicity, I'm not going to throw in inflation). Now, take an equivalent machine today, a calculator, and it costs $50, if that. Does this mean just because I could buy 50 calculators instead of one XT I'm richer? No, it doesn't. This is the point I'm making. If goods are cheaper, does that mean we're richer? Not necessarily. All cheaper goods mean is that they're more accessible, it doesn't mean that consumers are richer.
Sith Warriors - They only class that gets a new room added to their ship after leaving Hoth, they get a Brooncloset
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.