It's more about people holding out on buying things because they believe it will be cheaper later. Food is a bad example because people will always buy food, regardless of the cost. But why would you buy a car if it might be $2,000 cheaper in a few months? Then a few months pass and now it looks like that car might be even cheaper, will you spend now or keep holding out to see if it goes lower?
People do this exact thing with iPhones ("I can wait one more generation before upgrading") and Apple is doing just fine.
There is no real reason to fear deflation. It is feared by the owning class because it would enable the working class to build generational wealth, rather than slaving away their entire lives for nothing.
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u/Poland-lithuania1 8h ago
It isn't things cost less, it's money can buy more. Isn't it better to save that money for the future, when it's probably gonna be able to buy more?