Originally posted as a Twitter thread on March 07, 2021

Productivity gains due to technology are the largest source of deflation. $1 buys less today than 1993, but productivity gains offset that for many goods

Technology+transparent pricing+competition =magic

We just lack this in (much of) education, medicine, and construction https://x.com/HumanProgress/status/1368565855571808260

There’s no doubt that medicine has better outcomes today than, say, 1935. But most other technology-fueled productivity gains make products better AND cheaper…