One of the things that many economic experts agree on is that "deflation = bad", if things will cost less tomorrow and people realize it today, then nobody will

One of the things that many economic experts agree on is that "deflation = bad", if things will cost less tomorrow and people realize it today, then nobody will ever spend anything and the entire economy will be hosed. In the computer industry, deflation is one of the facts of life for many decades -- just about anything, e.g. gigahertz, gigabytes, cores, etc. will cost less tomorrow, and people realize it today. So the economic theory says that due to having been in the grips of deflation for many decades, the computer industry should be a barren wasteland with almost no investment, employment, or opportunity because no sane investor would ever spend any money on anything because their money would be able to get more of what they would have spent it on if they're just patient. This is one thing that makes me very skeptical of the experts. Of course the following passage also succinctly describes my experiences having grown up in the Rust Belt: > if you live in a one-industry town and the main workplace has closed, you are unlikely to agree with the professional consensus instead of your own lived reality of loss and decline.