Post
Topic
Board Economics
Re: Mish on deflation
by
Kreigyr
on 29/12/2013, 06:17:19 UTC
+100 you gotta be a special kinda retard to equate falling prices that are result of greater efficacy and new technology with falling prices that are a result of a deflationary currency..

If argument is that in deflation, people will wait to spend, then why would people not wait to spend if they know tomorrow they can buy newer more efficient technology? Is there difference between waiting to buy because of new more efficient technology, and waiting to buy because of falling prices? Your statement implies lower price is bigger incentive to wait than new more efficient technology.

Sometimes I want things now, and this magical buying power could take a year to double.