Apparently, not all inflation is bad; sometimes, it is even necessary for the economy. This good inflation comes around after technological advancements that temporarily allow people to be more frugal with their money (like credit cards), resulting in higher prices. These higher prices seem to be good for the economy because they help stabilise the value of money to a level that matches consumers’ demand for it. After the technology becomes widespread, the prices themselves stabilise as well.
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Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
