At the extremes though, how does hyperinflation differ from deflation? Broke and unemployed, starving, society ripe for revolution, extremism, fascism, communism, whatever - what’s the difference again? This is admittedly using the extremis. I think I’ll fondle my I-bonds again. ;)
It's easier to adjust to inflation than to deflation. But we're not talking about hyper inflation. We've survived 2% plus inflation for how many years? And we've done okay. Japan had modest deflation since 1989 and they didn't do nearly as well.