And TV prices are down -98% over the same time. Efficiency gains in some sectors distort those without gains. Effectively, the lower prices of some goods mean a larger pool money chasing goods without the same effinciency gains. More money chasing constrained supply means prices in those sectors rise faster.
It's easy to fix, but no one is willing to tax electronics at 10,000%. It would mean fewer dollars chasing supply constrained services like healthcare, education, and childcare. The cure is probably worse than the disease.
bikenaga•59m ago