> if you know that prices will drop tomorrow, only the sucker buys something today
That argument never held any water, and it's not what makes deflation problematic. You just have to look at the first 5 decades of electronics and computers, and how people kept buying those, again and again, despite the prices always going down and quality persistently going up.
The same applies to that argument applied to those tools. If you can use them to create something today (big if here), it doesn't matter that tomorrow tools will be different.
That argument never held any water, and it's not what makes deflation problematic. You just have to look at the first 5 decades of electronics and computers, and how people kept buying those, again and again, despite the prices always going down and quality persistently going up.
The same applies to that argument applied to those tools. If you can use them to create something today (big if here), it doesn't matter that tomorrow tools will be different.