Example of Good Deflation: Productivity and Technology Improvements

If you read the economic news, you'd have this impression that falling prices or deflation is "bad" for the society. Really now?

Below is an example of "GOOD" deflation, where you get more value for your money; as seen through the evolution of computers-not just in terms of prices but importantly in the quality of the product!

From 4 Block world,
(hat tip: Professor Mark Perry)

4-Block World: Fawning Eulogies

From Tom McMahon's 4-Block World:

Let me add a quote from Professor Don Boudreaux, (all bold highlights mine)

``While Kennedy didn’t choose a life of ease, he did something much worse: he chose a life of power. That choice satisfied an appetite that is far grosser, baser, and more anti-social than are any of the more private appetites that many rich people often choose to satisfy...

``Instead, Mr. Kennedy spent much of his wealth and time pursuing power over others (and of the garish ‘glory’ that accompanies such power). He did waste his life satisfying unsavory appetites; unfortunately, the appetites he satisfied were satisfied not only at his expense, but at the expense of the rest of us. Mr. Kennedy’s constant feeding of his appetite for power wasted away other people’s prosperity and liberties".

Well learning from the above, such mawkishness (especially in the political context) should be avoided. And this should apply elsewhere including the Philippines.

4-Block World: Who Says Green Jobs Don't Pay Well

Great illustration of Al Gore's Green Jobs From Tom McMahon's 4-Block World