HobeSoundDarryl
macrumors G5
Once prices go up they never come down
Deflation is just as real as Inflation. Recall what happened to many prices during Covid when the flow of consumer cash significantly locked up. Remember things like 2 Whoppers for $5, 2 Singles for $5, etc? Recall the day that oil went to -$3X/barrel (yes minus). There were MANY examples of things getting cheaper.
If people as a group stop buying something, price starts working its way DOWN, hunting for a level to get them buying again.
What makes your statement seem true is for about a generation- maybe two- consumers seem to have forgotten that the value of money is what they make it. If they will trade more of it for the "same", Sellers will very happily take more money for the "same."
- Seller's job is to get as much money as they can for what they are selling.
- Buyer's job is to get as much VALUE for as little as possible.
We think it is only a one way track because we make it one. But if we valued our money MORE than the products & services pitched for it (many of which are not need, but want), magically the latter would start becoming less expensive. Instead, we seem to readily gripe about ever-rising prices... but then pay higher prices for the "same." Sellers won't work prices down as long as the crowd keeps doing that.
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