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Fox News host gives Trump voters 1 huge reality check: ‘Let’s be realistic’
(www.huffpost.com)
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this post was submitted on 29 Nov 2024
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politics
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This sounds completely backwards, like if you are talking purely about investment.
If not it seems to completely ignore that high prices alone would discourage spending, particularly on non-essential things (even then, don't think for a second that there aren't people skipping healthcare or meals).
The only other way I could interpret would be that high prices force people to spend more money on just essentials (even if they're buying less than they otherwise would), somehow painting living paycheck-to-paycheck as a good thing because it means more money in the economy.
It's not about the price. Price is just a number. Prices today would look insane to someone 100 years ago. It's about how price changes over time.
If your money becomes less valuable the longer you wait, it's worse to wait. The longer it takes for you to spend it the less buying power it has.
If it becomes more valuable over time then it encourages hoarding your money because the longer you take to spend it the more buying power it has.
The average person likes stuff and wants their stuff now. The average person will buy shit on a credit card even though saving up to pay cash would make the cost much cheaper. Particularly disciplined people may put off purchases for a few months if they think the price will drop (maybe a few years for something really big like a house) but those folks are the exception rather than the rule. Are there real world examples of times when deflation triggered a mass consumer cash hoarding? Or is this something that only exists in economics books?
If you’re talking about investing and the behavior of companies, then maybe you’re right. Although I suspect it would also depend on interest rates and stock market performance.
The average person buys their stuff from companies and investors or businesses who get their supplies from said companies and investors. The people will not be able to buy things if those companies decide that they are more profitable sitting on pile of coins.