Try to predict shifts in relative prices!
Matt Yglesias asks:
Brad DeLong observes
“In Agatha Christie’s autobiography, she mentioned how she never
thought she would ever be wealthy enough to own a car – nor so poor
that she wouldn’t have servants.”
This kind of thing gets a bit hard to get one’s head around when
thinking about the future. What do you think will be the equivalent 100
years from now of Agatha Christie’s car and servants?
I await your answers.