This one I have to disagree with you.
Take computers. For the last decades if you wait a year you can generally buy more for less.
And yet, people still buy computers today. Why?
Our time is finite. Having the potential to buy but never doing so means nothing. At some point you want to make use of what you've got, even if you know that had you waited, you probably would've gotten more for less.
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You got it, deflation caused by technological advancement or increased productivity is not a negative. Very different than deflation caused by a credit bubble or monetary contraction.
its basically a separate conversation.
but that technology-driven deflation DEPENDS on capital allocation,
which is disincentivized in a monetary deflation.
so who knows how these pieces all fit together
I live this today.
Another way of looking at it is you have no idea what you have left in time and resources. You have no idea what the future holds. You do not know if what you thought was secure would someday not be secure.
