Post
Topic
Board Economics
Re: Stephen Reed's Million Dollar Logistic Model
by
dennydotco
on 07/08/2014, 17:03:31 UTC
I won't judge stupid behavior (here I am feeding the troll) but if products and services get cheaper and cheaper (price deflation)  only stupid people would risk buying 1 car today when they can buy 2 better cars for the same price next year.

Re read that Hayek book you were given at school.

Unless they need a car. If I need a car I will buy when I need it no matter what that money can do in the future, because I need it now. If I merely would like a better car, but could wait for that better car another year or two while their price drops/my purchasing power rises I will wait. This seems like it would be good for the world to deter overconsumption, build more rugged products in the first place, and maintain what we already have.