RE: The Law of Unintended Consequences Will Kick You In The Balls Every Time
March 11, 2017 at 12:00 pm
(This post was last modified: March 11, 2017 at 12:07 pm by Anomalocaris.)
(March 11, 2017 at 8:42 am)Tazzycorn Wrote:(March 11, 2017 at 8:36 am)abaris Wrote: But that's not how economy works these days, isn't it. Pay less, sell cheaper is the slogan. People have become so accustomed to buy the cheapest products that they don't notice anymore. And it's a vicious circle. The less people have in their wallets, the cheaper the goods have to be.
But goods aren't cheaper, otherwise personal debt wouldn't have skyrocketed.
Many goods certainly are cheaper, but interest rates are also loweR. Hence for the low income, lowly educated, skill deficit, gullible, right wing radio addicted and expectation enhanced trump voters can Indulge in the illusion of maintaining a certainty standard of living well beyond what could have been earned by their true productivity by borrowing to buy what is already cheap.