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February 11, 2011 at 12:03 AM #664626February 11, 2011 at 12:04 AM #665370
an
Participant[quote=briansd1][quote=AN][quote=ILoveRegulation]$300 at Best Buy with two-year contract. Can’t post a link due to the spam filter.[/quote]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]True enough, AN. But now, for $600, out of contract, you get a better iPhone 4 w/ 16GB vs. the original iPhone w/ 8GB (or was it 4GB?).[/quote]
But that’s the nature of technology. About 15 years ago, a color scanner was going for $1k. Today, you can typically get it for <$100 and a lot of time, it's free after rebate. You can only compare similar product for its time. You can't compare similar products across time period with technology. 10-12 years ago, we were happy to have a 366-466MHz computer with 16MB of RAM. Today, even dumb phones have about that much processing power and much more memory AND they're free w/ 2 years contract. There are many more example just like that.February 11, 2011 at 12:04 AM #665707Participant[quote=briansd1][quote=AN][quote=ILoveRegulation]$300 at Best Buy with two-year contract. Can’t post a link due to the spam filter.[/quote]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]True enough, AN. But now, for $600, out of contract, you get a better iPhone 4 w/ 16GB vs. the original iPhone w/ 8GB (or was it 4GB?).[/quote]
But that’s the nature of technology. About 15 years ago, a color scanner was going for $1k. Today, you can typically get it for <$100 and a lot of time, it's free after rebate. You can only compare similar product for its time. You can't compare similar products across time period with technology. 10-12 years ago, we were happy to have a 366-466MHz computer with 16MB of RAM. Today, even dumb phones have about that much processing power and much more memory AND they're free w/ 2 years contract. There are many more example just like that.February 11, 2011 at 12:04 AM #664631Participant[quote=briansd1][quote=AN][quote=ILoveRegulation]$300 at Best Buy with two-year contract. Can’t post a link due to the spam filter.[/quote]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]True enough, AN. But now, for $600, out of contract, you get a better iPhone 4 w/ 16GB vs. the original iPhone w/ 8GB (or was it 4GB?).[/quote]
But that’s the nature of technology. About 15 years ago, a color scanner was going for $1k. Today, you can typically get it for <$100 and a lot of time, it's free after rebate. You can only compare similar product for its time. You can't compare similar products across time period with technology. 10-12 years ago, we were happy to have a 366-466MHz computer with 16MB of RAM. Today, even dumb phones have about that much processing power and much more memory AND they're free w/ 2 years contract. There are many more example just like that.February 11, 2011 at 12:04 AM #665234Participant[quote=briansd1][quote=AN][quote=ILoveRegulation]$300 at Best Buy with two-year contract. Can’t post a link due to the spam filter.[/quote]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]True enough, AN. But now, for $600, out of contract, you get a better iPhone 4 w/ 16GB vs. the original iPhone w/ 8GB (or was it 4GB?).[/quote]
But that’s the nature of technology. About 15 years ago, a color scanner was going for $1k. Today, you can typically get it for <$100 and a lot of time, it's free after rebate. You can only compare similar product for its time. You can't compare similar products across time period with technology. 10-12 years ago, we were happy to have a 366-466MHz computer with 16MB of RAM. Today, even dumb phones have about that much processing power and much more memory AND they're free w/ 2 years contract. There are many more example just like that.February 11, 2011 at 12:04 AM #664569Participant[quote=briansd1][quote=AN][quote=ILoveRegulation]$300 at Best Buy with two-year contract. Can’t post a link due to the spam filter.[/quote]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]True enough, AN. But now, for $600, out of contract, you get a better iPhone 4 w/ 16GB vs. the original iPhone w/ 8GB (or was it 4GB?).[/quote]
But that’s the nature of technology. About 15 years ago, a color scanner was going for $1k. Today, you can typically get it for <$100 and a lot of time, it's free after rebate. You can only compare similar product for its time. You can't compare similar products across time period with technology. 10-12 years ago, we were happy to have a 366-466MHz computer with 16MB of RAM. Today, even dumb phones have about that much processing power and much more memory AND they're free w/ 2 years contract. There are many more example just like that.February 11, 2011 at 12:07 AM #665375Participant[quote=ILoveRegulation][quote=AN]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]What does one do with an iphone w/out a contract? Parade around looking ultra hip?[/quote]
One use it by activating it? Let me ask you, if one is stuck on contract, how can one get an iPhone for $300? If one want to be w/ T-Mobile, how can one get an iPhone?February 11, 2011 at 12:07 AM #665239Participant[quote=ILoveRegulation][quote=AN]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]What does one do with an iphone w/out a contract? Parade around looking ultra hip?[/quote]
One use it by activating it? Let me ask you, if one is stuck on contract, how can one get an iPhone for $300? If one want to be w/ T-Mobile, how can one get an iPhone?February 11, 2011 at 12:07 AM #664574Participant[quote=ILoveRegulation][quote=AN]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]What does one do with an iphone w/out a contract? Parade around looking ultra hip?[/quote]
One use it by activating it? Let me ask you, if one is stuck on contract, how can one get an iPhone for $300? If one want to be w/ T-Mobile, how can one get an iPhone?February 11, 2011 at 12:07 AM #664636Participant[quote=ILoveRegulation][quote=AN]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]What does one do with an iphone w/out a contract? Parade around looking ultra hip?[/quote]
One use it by activating it? Let me ask you, if one is stuck on contract, how can one get an iPhone for $300? If one want to be w/ T-Mobile, how can one get an iPhone?February 11, 2011 at 12:07 AM #665712Participant[quote=ILoveRegulation][quote=AN]
The $600 iPhone in 2007 was w/out contract. Not apple to apple comparison.[/quote]What does one do with an iphone w/out a contract? Parade around looking ultra hip?[/quote]
One use it by activating it? Let me ask you, if one is stuck on contract, how can one get an iPhone for $300? If one want to be w/ T-Mobile, how can one get an iPhone?February 11, 2011 at 2:07 PM #665079Diego Mamani
Participant[quote=ILoveRegulation]If the housing market is going to collapse if interest rates go up, what is going to cause inflation? Wasn’t the ‘problem’ in the 1970’s wage inflation? What is going to cause wage inflation today?[/quote]
ILR, I believe that wage inflation in the 1970s was not the cause of the sustained increase in all price indexes in the 1970s. Please read Milton Friedman’s writings on this. His “Free to Choose” (1980) is very accessible. The cause of high inflation in the 1970s was loose monetary policy.
Policy makers believed then that by allowing slightly higher inflation, they would be able to reduce the unemployment rate. Problem was, over time, wage earners, producers, etc., learned to anticipate the higher inflation and they, in turn increased their prices (wages being one of them).
Fed Chairman Paul Vocker killed the inflationary vicious circle, but at a very high cost: nominal interest rates shoot up into the double digits, and contributed to the 1982 recession (which at the time was the worse we had seen since the Great Depression).
February 11, 2011 at 2:07 PM #665681Participant[quote=ILoveRegulation]If the housing market is going to collapse if interest rates go up, what is going to cause inflation? Wasn’t the ‘problem’ in the 1970’s wage inflation? What is going to cause wage inflation today?[/quote]
ILR, I believe that wage inflation in the 1970s was not the cause of the sustained increase in all price indexes in the 1970s. Please read Milton Friedman’s writings on this. His “Free to Choose” (1980) is very accessible. The cause of high inflation in the 1970s was loose monetary policy.
Policy makers believed then that by allowing slightly higher inflation, they would be able to reduce the unemployment rate. Problem was, over time, wage earners, producers, etc., learned to anticipate the higher inflation and they, in turn increased their prices (wages being one of them).
Fed Chairman Paul Vocker killed the inflationary vicious circle, but at a very high cost: nominal interest rates shoot up into the double digits, and contributed to the 1982 recession (which at the time was the worse we had seen since the Great Depression).
February 11, 2011 at 2:07 PM #666154Participant[quote=ILoveRegulation]If the housing market is going to collapse if interest rates go up, what is going to cause inflation? Wasn’t the ‘problem’ in the 1970’s wage inflation? What is going to cause wage inflation today?[/quote]
ILR, I believe that wage inflation in the 1970s was not the cause of the sustained increase in all price indexes in the 1970s. Please read Milton Friedman’s writings on this. His “Free to Choose” (1980) is very accessible. The cause of high inflation in the 1970s was loose monetary policy.
Policy makers believed then that by allowing slightly higher inflation, they would be able to reduce the unemployment rate. Problem was, over time, wage earners, producers, etc., learned to anticipate the higher inflation and they, in turn increased their prices (wages being one of them).
Fed Chairman Paul Vocker killed the inflationary vicious circle, but at a very high cost: nominal interest rates shoot up into the double digits, and contributed to the 1982 recession (which at the time was the worse we had seen since the Great Depression).
February 11, 2011 at 2:07 PM #665017Participant[quote=ILoveRegulation]If the housing market is going to collapse if interest rates go up, what is going to cause inflation? Wasn’t the ‘problem’ in the 1970’s wage inflation? What is going to cause wage inflation today?[/quote]
ILR, I believe that wage inflation in the 1970s was not the cause of the sustained increase in all price indexes in the 1970s. Please read Milton Friedman’s writings on this. His “Free to Choose” (1980) is very accessible. The cause of high inflation in the 1970s was loose monetary policy.
Policy makers believed then that by allowing slightly higher inflation, they would be able to reduce the unemployment rate. Problem was, over time, wage earners, producers, etc., learned to anticipate the higher inflation and they, in turn increased their prices (wages being one of them).
Fed Chairman Paul Vocker killed the inflationary vicious circle, but at a very high cost: nominal interest rates shoot up into the double digits, and contributed to the 1982 recession (which at the time was the worse we had seen since the Great Depression).
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