Actually, Cabe, I hate to bring politics to an engineering discussion but we may be detecting the onset of Hyperinflation...needing a wheelbarrow full of money to buy a loaf of bread. The Wikipedia article on hyperinflation contains no less than 40 examples of hyperinflation all over the world. "Causes: Hyperinflation occurs when there is a continuing (and often accelerating) rapid increase in the amount of money that is not supported by a corresponding growth in the output of goods and services." The assumption that it cannot happen in the United States is an exercise in hubris.
CES announces the arrival of new goods before increased demand and economies of scale in production costs can kick in. $80 for a wireless stylus, $350 for the new LEGO Mindstorms. Early adopters feel it first. Hang onto your hat when hyperinflation hits fuel and food... =\
To be honest, everything at this year's CES that is available to buy is way too over-priced. $80 for a connected stylus, $30,000 for a 4k TV, $350 for the latest LEGO Mindstorm, it's just too much. It is as bad as buying a Pepsi on the CES showroom floor, $5 to $7 for a 20oz bottle.
Is this a result of the prior recession or a sign that people are will to shell out the cash for novelty?
Although plastics make up only about 11% of all US municipal solid waste, many are actually more energy-dense than coal. Converting these non-recycled plastics into energy with existing technologies could reduce US coal consumption, as well as boost domestic energy reserves, says a new study.
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