I never got that argument. Even as a business owner, although small. I currently buy a lot of stuff from Japan, then renovate, fix, etc. to sell. And because of weak yen, each month my money is worth more there.
My reaction is never "well then, let's wait with buying for a year so I can buy stuff 10% cheaper", I have to fuel my business now. It's "awesome, stuff got even cheaper, maybe it will get even cheaper next month, my business will get even higher profit margins".
The impact on consumer and small business spending is being overstated in this thread because like you say, consumers and small businesses actually need the things they buy, at least when it comes to day-to-day expenses.
It has more of an impact on big investments, like buying a house or starting a new business.
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u/thevoidthatjerksback 8h ago
I doubt that anyone could explain this in a way where I would accept deflation as worse