[jiggyboy]

We’ve all heard of economies completely wrecked by inflation, but there are no ready examples of economies completely wrecked by deflation.

Should I conclude that deflation is so hideous that it is always deliberately stopped, so self-correcting that it’s effectively impossible to get to the point where it can wreck an economy, a boogie-man that “they” keep loudly worrying in order to justify getting back to the business of inflating our lives away, or something else?

[ClearCase_guy]

there are no ready examples of economies completely wrecked by deflation

I believe the Great Depression is considered to be the poster child of an economy wrecked by deflation.

[Pessimist]

“We’ve all heard of economies completely wrecked by inflation, but there are no ready examples of economies completely wrecked by deflation.”

Try Japan’s “lost decade” (and counting).