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Joined 1 year ago
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Cake day: July 10th, 2023

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  • 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.




















  • Yeah. This is in a city where the police abandoned a police station because they were forbidden to use tear gas on peaceful protesters in the area. In a densely populated residential area where people were complaining about the gas getting into their apartments. They tried to say the protesters were violent and using incendiary devices which turned out to be prayer candles.

    No wonder they can’t solve any crimes. They can’t even read the fucking room.