It’s a funny coincidence that the field where we’re seeing the most innovation happens to be the one we regulated least, and that the fields that got worse are the most regulated ones.
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As Marc Andreessen remarks, in every case, the culprit is regulation.
Ho hum. And the 5 year old AEI chart that's been bumping around awhile.
IIRC TVs are so low because they use a trick called 'hedonic averaging' where a 27 inch TV at the same cost of a 19 inch TV actually costs 1/2 as much, since you get twice as many square inches. Even though, you know, you still are only watching 1 TV at a time and looking at 100% of the screen on both. Whatevs.
Fresher info here https://www.bls.gov/news.release/archives/cpi_08102022.htm#c...