all these theories assume that every person is a financial strategist, most normal people don't track prices like crazy, most people will see that they can finally buy the thing they always wanted but couldn't afford without considering if it might be worth more next month.
If people were actually that smart with their money, then 80% of industries wouldn't exist, because their products is useless junk at the end of the day
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u/nebileyim_ben 9h ago
its deflation, prices keep falling over time.
japan experienced long periods of deflation which is hurt spending and as a result affected economic growth.
its super hard to fix that bcs of liquidity trap.