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This all sounds very hypothetical economic universe. In the real world, rich people do buy expensive things and do nothing with them.
by EliRivers 2mo ago
This all sounds very hypothetical economic universe. In the real world, rich people do buy expensive things and do nothing with them.
- cortesoft 2mo agoSure, at the individual level lots of people/companies will make irrational decisions. At the macro level, though, the effect is still there.
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- tjwebbnorfolk 2mo agoYes it's well known that luxury goods do not fit this model. GPUs are capital goods. It isn't hypothetical when you understand the difference in the demand curves for different types of goods.
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