Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
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Notes -
It did, probably.
Color TV cost like $650 in 1980. Ten years later you could get a Japanese one for…$400. They even ditched the wood paneling. Today a similarly-sized Chinese flatscreen is, like, $150.
I’d grabbed a bunch of links from the FRED, Minneapolis Fed, and BLS to show this for other goods, but lost my draft. So feel free to compare numbers. All else equal, more competition means lower prices.
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