New brewing Method Means Faster Beer, Less Waste
thatshortkid writes "A brewmaster in Germany has invented a cylinder that fuses yeast to the sides, allowing the yeast to do its fermentation job faster. A process that normally takes 10 days now takes a few hours. Also, yeast that normally has to be changed out after three brews can now last up to six months to a year."
Faster doesn't always mean better.
What does it taste like?
Not a Twitter sockpuppet... but I wish I was.
If you want less expensive beer, and good flavor (or any flavor for that matter), brew your own at home.
It can be far more economical, and you get braggin' rights to boot.
The higher profits will be a signal to others that there is money to be made. They will step in, and in order to make money they will use the more efficient methods, undercut the price and sell more, trying to make money like the original pioneer.
The pioneer will then lower their price (or raise their quality) or go out of business.
Since there are more players in the market than before, productive workers originally laid off will be hired by the competition or become the competition themselves.
The winners are consumers who enjoy better quality, lower prices, or most often both.
When another development in efficiency or quality changes the production cost point again, the new profit margins will again signal to ready entrepreneurs that there is money to be made. Consumers enjoy another round of lower prices and higher quality.
If the governments weren't printing money like it was going out of style, a steady deflation would be the rule (again) as this progression of improvements in quality and efficiency continues to occur in every field and industry.
Bob-
The Ludwig von Mises Institute. The reasoning individuals economics