Yes, but you'll still want those things in a month, or six months, or a year. Given the expectation that your real purchasing power will grow, and you'll be eve

Yes, but you'll still want those things in a month, or six months, or a year. Given the expectation that your real purchasing power will grow, and you'll be even to afford even more of that hobby if you wait, you'll decide not to transact now for many discretionary expenses. Unfortunately, this puts the store or vendor you would have transacted from in dire straits--and then they decide to consume less. Summed over an entire economy, this sort of behavior will reduce aggregate demand and the velocity of money enough to damage productivity and growth: it's called a "deflationary spiral."