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I write this near starvation, on my commodore 64. Food and electronic equipment will be cheaper tomorrow, and with the money I save I can purchase that econ 102
by amiga_500 6y ago
I write this near starvation, on my commodore 64. Food and electronic equipment will be cheaper tomorrow, and with the money I save I can purchase that econ 102 book.
Why must I be so rational?
- vkou 6y agoYou may not be so rational, but investors will be. If deflation were 3% a year, nobody would invest into anything short of a golden goose. Why risk your money, when you can sit around, do nothing, and have it earn value for you, with zero risk? In fact, if we were looking at a long-term deflation of 3%/year, I'd stop working, sell all of my investments, stick my money in a mattress, and retire tomorrow. You tell me whether or not that is healthy for the economy.
- amiga_500 6y ago99.9% of people aren't in that financial position. It's a completely out of touch scenario.