“How do you feel about long-term deflation?”
Pretty good actually, so long as it is not the kind preceded by central bankster-induced hyperinflation.
IOW, if a gradual lowering of prices occurs as a consequence of the free market setting interest rates, long term market-based investment decisions being made without too much government interference, and an increase in technology and productivity due to the same, it would be wonderful for America.
That would be great. But what if it was a consequence of gold production increasing the money supply 1% per year while output increased 3%-4% per year?