3 ms·
I'm not rewriting anything, this is called time preference, a well-known concept. High-% deflation happens to consumer electronics all the time. You get the sam
by Geee 1y ago
I'm not rewriting anything, this is called time preference, a well-known concept. High-% deflation happens to consumer electronics all the time. You get the same product much cheaper or a better product with the same price if you wait. Still people buy these products, because they want / need them now. Sure, the rate of inflation / deflation will shift the average time preference, but it's not that drastic and doesn't cause a spiral.