because you need food to live. no amount of tightness on spending can delay the necessity of food.
it always boggles me why people scoff at deflationary economics with this line of reasoning - i see little evidence that the average person is so wise with spending money today.
It always boggles me that people scoff at the notion of people deferring many purchases and not investing at all in a deflationary economy because the relatively small fraction of spending which is necessary for survival is likely to be unaffected.
it always boggles me why people scoff at deflationary economics with this line of reasoning - i see little evidence that the average person is so wise with spending money today.