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RE: Does Deflation Spur Consumption? (Contrary to conventional Wisdom)

in #economics8 years ago

If you are in the market to buy a computer, smartphone, or television today, you can be reasonably sure that waiting 6 months will get you something better at the same price, or the same item at a lower price. Yet those industries thrive. "Hoarding" is just another bogeyman illusion used by scaremongers who want to make excuses for their interventionist policies that plunder the productive economy.