Looking at buying another car at the moment. I'm amazed at how cheap both new and used cars are.
Paying around $1.50 per litre of fuel at the moment. Was paying that or more in 2008.
Flying and overseas travel is dirt cheap these days.
My phone bill is about what is was 20 years ago.
My wages are less than they were 14 years ago, my real job is in India, visavis wages and costs my cost of living is 3x what it was in the year 2000, as I am between houses and have some cash, houses are 3x what they were in 2000 and in fact as my wage is around 1/2 of what it was in 2000 in nominal terms houses are 6x what they were. On this basis there is massive inflation. Dito for my wife (job done by rotating Indian contractors, hence unemployed) and many friends and siblings, eg casual part time instead of full time, dogs body jobs instead of what they trained for etc etc.. This is big part of reality. Toys are apparently cheap but I need to save so much now just for future security that I wont be upgrading anything for a very long time.. Also the cost of pensions/super is 3x what it was in the year 2000, ie you now need $30000k for every $10kpa you need rather than the 100k or so you needed then... Now investments are all speculative, not investment grade. Get the picture? We've swapped real things for mirrors and beads,, or they have been swapped for us.
On the contrary I can't believe how cheap things are.
Things have never been cheaper on balance.
I never said that houses were cheap.
Classic.
------------------------------ " ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility." - Alan Glynn
In real terms, many items are cheaper than they have ever been.
In real terms almost everything is cheaper than it has ever been. The inflation adjusted price of oil today would be $68, so you would expect most things to be double in real terms of what they were in 1948, but through the magic of productivity and economies of scale, most manufactured items, in real terms are 1/2 what they were in 1948, and better quality too.
Government monopolies on the other hand, have gone the opposite direction in price. Capitalism makes things cheaper, socialism makes things more expensive, and yet there is an insatiable demand for socialism.
------------------------------ " ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility." - Alan Glynn
If you're only able to afford to drink in places that serve $5 jugs then you'd probably be better off not drinking at all
I can afford $19 pints just fine. Doesn't mean I want to pay more to pretend I'm rich. Just showing cheap beer exists and its not inflation which pushed the prices of beer that high but rather pretentious people.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
In real terms almost everything is cheaper than it has ever been. The inflation adjusted price of oil today would be $68, so you would expect most things to be double in real terms of what they were in 1948, but through the magic of productivity and economies of scale, most manufactured items, in real terms are 1/2 what they were in 1948, and better quality too.
Government monopolies on the other hand, have gone the opposite direction in price. Capitalism makes things cheaper, socialism makes things more expensive, and yet there is an insatiable demand for socialism.
I think one of the things people tend to forget in all this is that our quality has improved enormously since, say 1948. This has raised expectations to the point where most people will never have the lifestyle (I hate that word) they want, or believe they deserve.
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