Inflation-adjusted iPhone 15 most affordable base model since 2007 original
I believe the &quot;danger &quot; of deflation is a conveniently devised fable to keep the printing press running as a backdoor means of taxation without legislation. Inflation is a kind of hidden tax.<p>I&#x27;ve read all the arguments about the economy collapsing if things get cheaper over time and a vicious savings death spiral that can only be stopped with a steady 2% (and occasional 10%) annual inflation. But none of them address the fact that many of the hottest fastest growing industries are extremely deflationary.<p>This iPhone version will drop prob 10% a year in price and people will still line up to get it. And the deflationary pressure is so high that it&#x27;s got the same dollar price as an inferior model from a few years ago. According to Keynsians, no one would buy it if they knew a better version for the same price was coming out next year!<p>So until someone can explain to me why deflation is awful and we need to continue to trust the central bank to create money out of thin air to keep the economy from collapsing, I&#x27;m going to think it&#x27;s all a big scam.