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That's kind of my point. Those are not rational reactions during a deflationary period but that's what people will do anyway.
by bmurphy1976 7y ago
That's kind of my point. Those are not rational reactions during a deflationary period but that's what people will do anyway.
- dahdum 7y agoThey are rational for individuals acting in their own self-interest, and that's what economic theory is based on.