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It is a fallacy to assume that purchases will be deferred just because they have the prospect of being less expensive in the future. If that was the case, no o
by bcg1 11y ago
It is a fallacy to assume that purchases will be deferred just because they have the prospect of being less expensive in the future. If that was the case, no one would be using credit; they would just defer their expenses until they could pay cash and forgo the interest.
- deleted 11y ago[deleted]
- dibujante 11y agoI disagree. The most common form of debt in the United States is the mortgage. Mortgages are often entered into because of an assumption that equity growth will outweigh interest.