Just for grins, my recollection is that the USA experience 1 year of deflation since the 1930s and that was in 1986. The oil market collapsed and Texas went into a depression. It was a mild deflation and you know the boom that followed.
Like I said, just for grins. I think 1986 was the only year since the 1930s that the US economy actually experienced deflation and it turned out to be a good thing, well if you weren’t a Texan. This current deflation, well..