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Can we unhobble cdominus? (Sift Talk Post)

Can we unhobble cdominus? (Sift Talk Post)

Psychologic (Member Profile)

cdominus says...

In reply to this comment by Psychologic:
I've never seen Paul or Schiff talk about the inherent deflationary nature of information technologies in the context of Austrian Economics, despite their constant talk of inflation. The price of a given amount of processing power or data storage drops by a fairly consistent percent per year (on average)... the same is true for dna sequencing, solar power, or many other high-tech devices.

Maybe they don't think it's a big deal, but I've never even seen them mention it. Austrian Economics were formulated well before the information age, so I'm curious how these new trends fit into it.


This may help.
http://mises.org/story/1040
tl;dr Increases in efficiency and productivity outweigh increase in money supply. If that can be believed!

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