True, the sentence about the items loosing value is incorrect.
However, my argument is still valid, why would I go and buy the thing in the first place, if I just could have waited for today and still have 4$? I would have „gained“ a dollar by doing nothing instead of taking the trouble of procuring the item.
Complete layman’s take on deflation, but wouldn’t trading basically stop with deflation?
Say I buy a product for 4$ and the next day due to deflation I can only sell it for 3$, why would I then go and try to trade said product?
It would be bad to have anything on shelf for a prolonged period. Food would probably not be affected due to its short shelf-time, but hardware stores, electronics, basically anything else would have the risk of significant losses. These stores would simply close, no?
That also extends to global trade - big cargo ships are sailing for weeks before they can distribute their goods. The whole time the products would loose value.
Probably I’m wrong, but if that’s true, deflation would really make the shit hit the fan.
Yield over die area should be the metric.
If you have a chip that is 50% of the wafer area, a single fault will lead to a yield of 50%. Now compare it with a chip that is 1% of the wafer area, the same single fault gets a yield of 99%.
So comparing the yields of two processes without factoring in the die area is not a fair game.
Masters in Electrical Engineering, focus on digital IC design.
Without it - and it being from a prestigious university here in Germany - I would never have landed the job I currently have (first job after university). Also, initial pay was fixed on whether you have a PhD or not.
But I think, for everything after this initial job and salary, the diploma doesn’t matter at all anymore. Also from fellow students I hear, that this focus on the diploma is very prevalent in Germany but not so much in other countries.
Where do I find you?
An anaesthesist friend of mine once told me that there are two kinds of muscles - the ones you can actively control (such as muscles in arms and legs and also the muscles for breathing) and those you cannot, such as your heart and intestine-muscles (around the gut etc.). The latter has a different kind of receptors and isn’t affected by the stuff that they use in hospitals to put you down, but since the breathing is stopped, you’ll always be intubated.
I guess this poison is of the same kind but I don’t know the technicalities…
Of course, im exaggerating for simplicity.
As I said the my first comment, I’m talking about stuff that may be shelved a longer time. And at large scales, small percentages do matter significantly.
With inflation, having something shelved only looses value if something newer and better comes out. Deflation would add deflation itself as another risk.
To put it in other words: I have to raise the price for my items in stock along with deflation to make the trade worthwhile, which in turn contradicts deflation since then the value you get for your money is the same.