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A rational actor defers maintenance when money is scarce. That doesn't make maintenance discretionary, just deferrable and indefinitely deferred maintenance eve
by lukeschlather 8y ago
A rational actor defers maintenance when money is scarce. That doesn't make maintenance discretionary, just deferrable and indefinitely deferred maintenance eventually causes unavoidable, huge spending.
- dragonwriter 8y agoOr just loss that doesn't manifest as spending. E.g., deferred health maintenance eventually causes death.