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Old 07-12-2017, 00:17   #32
Enoch Powell
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AKA: ENOCH POWELL
Join Date: Jul 2010
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Video not working? GO OLDSKOOL! Or just give up. N* is bound to post a better vid.



Pentium 166 laptop, $8,000 in today's money

It's a nice reminder of how lucky we are today with computers orders of magnitude faster, and also at a fraction of the price.

And also how completely bogus the mainstream economics conventional wisdom is about deflation being a disaster and how people will defer purchases indefinitely in a deflationary market. This lie is still printed in textbooks despite there being no empirical evidence for it in practice, and a wealth of evidence debunking it.
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