Is Amazon deflationary?
This thought popped into my head while watching "Gold Rush Alaska" - I was thinking about the original Gold Rush and the stories of $20 eggs and such. I wondered if anything even close to that could occur again if, say, there was a boom in North Dakota oil. But my immediate reaction was "no way, anyone needed anything they could just whip out a smart phone or log in on their laptop and click away.
It also occurred to me that this was not quite a recent phenomenon (if one that reached further and faster). Sears & Roebuck helped keep the Great Plains in the same goods, at just about the same price, as the rest of the nation.
If only there was a way to quantify this effect. Might make a very interesting paper for an economist [*cough* Running Dog *cough*]...