[RipSawyer]

Actually people tend to buy during inflationary times to avoid higher prices later on. In severe inflation they will buy anything and everything up to the limit of their income because their money is dropping in value on a daily basis. On the other hand, during deflationary times a smart buyer will put off purchases as long as possible to get a lower price. This is what happens in the real world, I am not interested in someone's pet theory.

[Southack]

"Actually people tend to buy during inflationary times to avoid higher prices later on. In severe inflation they will buy anything and everything up to the limit of their income because their money is dropping in value on a daily basis."

So naturally Americans spent their entire paychecks buying gasoline during the Arab oil embargo.

Oh, they didn't. I see. Oh well, time for a new theory for you...