Oh those economic-type people do go on! Yesterday I was happily celebrating our democratic freedom not to consume (all the time) and today some silly sod is bagging just this kind of anti-consumerist attitude:
An economist at TD Securities, Mr [W], said inflation figures next week were likely to show consumer prices had fallen 0.6 per cent in the final quarter of 2008. Such deflation could became a real problem for the economy if consumers went on a "buying strike". "If consumers start thinking 'Why should I buy this good or service today when it's going to be lower tomorrow?' that can gum up the whole economy," Mr [W] said.We wouldn't want to "gum up" the whole economy now, would we? Golly, what if we got caught in a lolly shop and could do nothing but get "gummed up" and stand helplessly by as deflation let down the tyres in the car park? Tricky times, these, tricky times indeed.