I&#x27;m no economist, but it seems like a lot of things (most, by dollar amount) I buy are simply not things I could feasibly defer for long. Food and rent (shelter) are the obvious examples by necessity, but also plenty of discretionary spending is obviously time-sensitive. I want to see a movie now, go skiing now, fly home for the holidays now, etc. It&#x27;s unlikely that deflation stop me from making these purchases, unless it was some guaranteed short-term high-percentage deflation.