Yada yada yada. Having experienced Jimmy Carter’s stagflation, deflation seems benign. Granted, living
on a fixed income is harder with zero interest rates,
but not as crippling as soaring prices.
Those that went thru FDR's deflation would not want to use the word 'benign'. Yeah, inflation's not as good as stable prices but ten percent deflation's a lot worse than ten percent inflation.