Two unrelated concepts: monetary inflation and technological deflation. Very easy to imagine: a $5000 TV many years ago costs less than $100 IF they even make it - they don’t.
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Even making the case for abundance! A phone that does all those things in your pocket for under $500 vs what it would have cost you to have all of those experiences back then.
yes it is easy to imagine a $5000 TV from many years ago costing $100 today but it is hard to imagine what $5000 TV might be like many years in the future.