The example of not buying dollar store underwear wasn’t that clear to me until I remembered Boots theory https://en.m.wikipedia.org/wiki/Boots_theory
hola NOSTR 🔥
Many economists and central bankers think the economy will collapse if we adopt Bitcoin as money because it is deflationary.
Here is the most concise reasons why they are wrong 👇
https://video.nostr.build/b572614d74c7a61419595c80314f573544ba44f278815d03b7d3a49da217d513.mp4
Discussion
this is a great reference. some people are forced into high time preference purchases only because there is no alternative at certain income levels