Maybe the parallel breaks down, but I think the Great Depression wasn’t bad if you had a job or some source of income. Everything was super cheap. It’s just that if you lost your job, there was no hope of ever getting another one. Personally, I just got a pay raise. Meanwhile, the layoffs in my company continue, and our clients aren’t beating down the door with new projects. It’s like a horror film where the teenager continues polishing her nails, but you suspect she’ll be a dead woman shortly.
There you go. That’s EXACTLY what it is. Because prices had fallen so much, for those who had work and had money, they had more than ever. We are somewhat at that point: housing prices keep falling, and there is still virtually no inflation. So if you’ve got a job and income, it will at least buy you the same as before, if not a little more.