Skip to content
Subscriber Only

Six Things Technology Has Made Insanely Cheap

Behold the power of American progress
A Lisa II computer by Apple, circa 1983, sits on display at the Computer History Museum in Mountain View, California, U.S., on Tuesday, Feb. 22, 2011.
Photographer: Noah Berger

For anyone bearish on the progress made by the U.S. economy, consider this: Computers are now one-1,100th of their price 35 years ago. 

Innovation makes things cheaper, which frees up cash for consumers to buy other things. That drives the virtuous cycle of economic growth. We dug into the inflation data, more formally known as the personal consumption expenditures price index, to highlight some of the items that have seen the biggest discounts.