Re:German banks are hoarding so many euros they need more va...
by mindslight on Monday February 03, 2020 @07:15PM
(#22230901)
> Deflation is bad because it is a self-reinforcing slowdown in the economy.
If you care about the environment, global warming, resource depletion, etc this is a good thing. Are we not currently producing more stuff than can be reasonably used?
> Why spend when the same thing will get cheaper tomorrow/next week/month/year...?
This is exactly how computing technology has been for several decades. Plenty of spending still goes on, because items have immediate utility. Being able to save by buying a loaf of bread tomorrow doesn't matter when you need to eat today.
If you care about the environment, global warming, resource depletion, etc this is a good thing. Are we not currently producing more stuff than can be reasonably used?
> Why spend when the same thing will get cheaper tomorrow/next week/month/year...?
This is exactly how computing technology has been for several decades. Plenty of spending still goes on, because items have immediate utility. Being able to save by buying a loaf of bread tomorrow doesn't matter when you need to eat today.