I haven’t annexed any territories, so I think it’s fine.

Corporate greed is why deflationary periods are so harsh.

In what way does this disagree with the quote.

Because when prices are constantly going down, it’s always better to wait until prices have gone down even more before you make a purchase.

The result is that as deflation sets in, consumption also starts going down, which means profits and revenues go down, which means costs have to be cut, which ultimately leads to layoffs, and as more people become unemployed and have reduced income, what they are willing/able to pay for goods and services goes down.

And now you have a deflationary spiral. These spirals tend to be hard to avoid under deflation and can lead to very high levels of unemployment.