09/03/2015 (Thu) 20:28:16
supply, demand, product elasticity.
~It would take a GLOBAL market downwards quality shift for people to not care about it. And guess what, such things are both elicit and counteracted by upwards quality shifts and exists in every market EVER.
case in point: The Roman empire fell because as sudden as the drop in quality in the gold coin being cast with cheap(er) copper, people's perceived elasticity to the value of that commodity made them both drop the currency (as it was perceived unvaluable and unwanted) and withhold from circulation "pure gold" coins which had a lot more value to them.
Bear in mind this transition from pure gold into copper-cast took some decades, but ultimately hurt everyone. they ran out of gold, so it's not like they had a choice, but this still happened