This is definitely part of it. People need to adjust to a new price reality, and...

jhickok on Dec 26, 2023 | parent | context | favorite | on: Holiday Spending Increased, Defying Fears of a Dec...

This is definitely part of it. People need to adjust to a new price reality, and while they think they want deflation they certainly do not want what a deflationary period entails is happening in the economy.