[toyg]

You joke but this is an actual factor that hardware companies have to proactively manage. Apple, for example, grants free replacements to people who bought laptops in the last few months before an upgrade is announced. Precisely because, otherwise, people will sit on their hands waiting for the new model.

But really, you can just look at bitcoin itself: it keeps appreciating on the upward swings, but people continue to not use it for everyday transactions - it's purely a speculation target. That's not what a currency should be for.

[ric2b]

Oh, I agree that it has an effect, I just really doubt that we'll plunge into Great Depression part Deux if we have deflation for a few years.

Most people like buying things more than they like saving money.