This is all hanging on the word “inflation” in his comment, which wasn’t really referring to general inflation like you are. It was clearly restrained to computer equipment, where the current bubble is.
Maybe. Generally when people use the phrase “inflation only goes one way” they’re talking about general inflation. Inflation is rarely used to mean price increases. It’s used for the overall decrease in buying power per unit of currency. Obviously prices do sometime come down.
This is all hanging on the word “inflation” in his comment, which wasn’t really referring to general inflation like you are. It was clearly restrained to computer equipment, where the current bubble is.
Maybe. Generally when people use the phrase “inflation only goes one way” they’re talking about general inflation. Inflation is rarely used to mean price increases. It’s used for the overall decrease in buying power per unit of currency. Obviously prices do sometime come down.