Innovation is Deflationary
5 min readMay 9, 2020
Progress: The World is Getting Better all the Time
The world has changed a lot in the last 40 years, and we have innovation to thank for much of it.
Consider what life was like In the 1970s. In those days, the bottom 10% of earners weren’t just poor, they were dirt poor. They couldn’t afford a car, a TV, an apartment…anything.