Deferral of purchases does not equal deflation. Your computer anecdote is not convincing. Until folks in the deflation camp reconcile deflation with the current rise in the money supply, it is hard to take the argument for deflation very seriously.
Mr. R., I understand that your essay is a polemic, but really....
The simplisms here are numerous (attempting to explain market movements via quant funds; basing a healthcare rant on a WHO study; invoking laissez-faire capitalism as the bugbear for all manner of ills). You make some good points -- too bad you opted for style over substance. Any one of the warning signs mentioned above would have sufficed for a short essay and would have given us the full benefit of your thinking on the issue at hand. Maybe next time.
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I understand that your essay is a polemic, but really....
The simplisms here are numerous (attempting to explain market movements via quant funds; basing a healthcare rant on a WHO study; invoking laissez-faire capitalism as the bugbear for all manner of ills). You make some good points -- too bad you opted for style over substance. Any one of the warning signs mentioned above would have sufficed for a short essay and would have given us the full benefit of your thinking on the issue at hand. Maybe next time.
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