Very interesting. Those are some pretty telling charts. I wasn't expecting the price to go up, but I figured it was pretty much going to stay the same. I probably wouldn't have guessed that it was actually going to go down. With innovation and reduced costs versus increased production I can see why that would be the case though.
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Yes when we remove the money variable, by using measurements of the commodity versus an hour worked, we see how things progress. It is why there is so much more abundance than 200 years ago.
Imagine having to work 3200 times longer to get the same amount of light as you with an hour worth of work today.
Just think of even fuel. While the price of a gallon of gas is up compared to a few years ago, how does it stand versus a gallon of whale oil (which was used for light and I dont think for power).
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Good old whale oil. I think they used it in street lamps if I remember right. Probably lots of other things too. Yeah, there was something I thought of when you mentioned light, but I lost what it was now. I just stepped away from my computer for a sec to see if I could jog my memory, but it is gone now...
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