You could argue that deflation is the cure to consumerism, and the start of environmentalism.
HDTV's have had strong deflation for years, but I still have one.
HDTV's have had strong deflation for years, but I still have one.
If however you hold your currency and everyday its worth more, besides the bare essentials there is barely an incentive to spend it. Also there is no guarantee that the HDTV will become cheaper, however it is guaranteed that a deflationary currency will gain value the more you hold on to it.
Inflation and deflation pertain only to currency not products.
Growth deflation: an enduring decrease in the real cost of
goods and services as the result of technological progress,
accompanied by competitive price cuts, resulting in an
increase in aggregate demand. A structural deflation existed
from 1870s until the cycle upswing that started in 1895. The
deflation was caused by the decrease in the production and
distribution costs of goods. It resulted in competitive price
cuts when markets were oversupplied. The mild inflation after
1895 was attributed to the increase in gold supply that had
been occurring for decades.The point is that the more-for-your-money effect does not stop even discretionary purchases like TV's from happening.
Also, why bother to invest money if you can just sit on the cash and benefit from everyone else's economic activity?
Deflation bad.