Marc Andreessen - @pmarca
10/And yet it would be nonsensical to pine for the prior state; the resulting improvement in consumer welfare is obvious.
9/All used to contribute directly to GDP growth and other economic metrics based on $ of production, but not or not as much anymore.
8/You can undoubtedly add another 100 physical items to this list, probably 1,000, and soon 10,000.
6/Music player Newspapers Pager Pedometer Radio Remote control Scanner Stereo Stopwatch Television Textbooks
5/Day planner DVD player DVDs Flashlight Games GPS device Guitar tuner Land line telephone Magazines Metronome
4/Answering machine Barcode scanner Books Calculator Camcorder Camera CD player CDs Compass Credit card terminal
3/For an example of tech-driven price deflation, consider the physical products that have now been collapsed to $0.99 or free iPhone apps.
2/If true, both GDP and productivity growth #'s may be decreasingly accurate representations of actual economic progress.
1/I suspect that tech-driven price deflation is the great under-appreciated economic force of our times.