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I think that logic is usually applied to deflation and why it is so insidious (wait to spend and tomorrow will be even cheaper, grinding economy to a halt). Th
by nytesky 3y ago
I think that logic is usually applied to deflation and why it is so insidious (wait to spend and tomorrow will be even cheaper, grinding economy to a halt).
The inverse for inflation seems possible, but somewhat flawed because you will need even more money in general in the future, so hoarding cash to grow it could also be an impulse.
I feel like Keegan’s baby sitting coop has some parallels to the “unexpected” outcomes from human responses to market forces
- nytesky 3y agoThe krugman coop story: https://slate.com/business/1998/08/baby-sitting-the-economy.html https://slate.com/business/1998/08/baby-sitting-the-economy....