It's a great example. Even though we are in the inflationary era, IT products still have discounted price every year. We all know if we buy a new phone next year, we will get a better spec than buying this year, but we still buy new phones very frequently compared to other electronic items. It's true that the people tend to delay consumption in a deflationary world, but people cannot delay the consumption forever. If they found that it is necessary or it's worth buying today, they will still buy it anyway.
hola NOSTR 🤙 What is the "deflation myth" and why do economists lie to you about it?
#siamstr