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I'm curious to know if this is a real phenomenon that has been observed. Would you be able to point me in the direction of resources to learn more about this?
by grardb 3y ago
I'm curious to know if this is a real phenomenon that has been observed. Would you be able to point me in the direction of resources to learn more about this?
The reason for my skepticism is that even without deflation, a dollar tomorrow is usually worth more than a dollar today, yet tons of people* don't save or invest much/any of their money, even if they're able to.
* I'm speaking from the perspective of an American FWIW.
- nimbleplum40 3y ago> even without deflation, a dollar tomorrow is usually worth more than a dollar today No, that’s deflation. If you’re talking about investing, that’s different. The dollar is still worth less on its own. It just made extra dollars in the meantime.
- graton 3y agoJapan had deflation. Can search for information on that. Many articles out there about it.
- almost_usual 3y agohttps://www.imf.org/external/pubs/ft/wp/2003/wp03215.pdf https://www.imf.org/external/pubs/ft/wp/2003/wp03215.pdf
- jliptzin 3y agoA dollar tomorrow is worth less than it is today
- karatinversion 3y agoYour local bank or credit union will trade your dollar today for more than a dollar tomorrow!
- OrderlyTiamat 3y agoAnd they will simply take your physical dollar and store it deeeep under the ground where no wild west thieves can steal it or even look at it, so that they can store it until tomorrow where it will be worth more!