I never understood the fear of deflation. If inflation is bad, why isn’t deflation good? Aren’t lower prices better than higher prices? Seems to me that people who have savings benefit from deflation, while speculators lose if prices fall. Sounds good to me.
“If inflation is bad, why isn’t deflation good?”
Stable prices are good, instability is bad.
” Aren’t lower prices better than higher prices? “
That depends on whether you’re buying, or selling/making/shipping/farming/mining....
And, please note, it’s the latter group that provides all of the non-government employment....
Deflation - Inflation — either way, we’re all gonna be getting a little hungry, bye ‘n’ bye....