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This all sounds very hypothetical economic universe. In the real world, rich people do buy expensive things and do nothing with them.
by EliRivers 1mo ago
This all sounds very hypothetical economic universe. In the real world, rich people do buy expensive things and do nothing with them.
- deleted 1mo ago[deleted]
- cortesoft 1mo agoSure, at the individual level lots of people/companies will make irrational decisions. At the macro level, though, the effect is still there.
- tjwebbnorfolk 1mo agoYes it's well known that luxury goods do not fit this model. GPUs are capital goods. It isn't hypothetical when you understand the difference in the demand curves for different types of goods.
- deleted 1mo ago[deleted]