Yes, the deflation of the thirties was bad.
But my understanding of that period was that the FED made it worse and you add in FDR who piled on bad policy and socialism into the mix, and voila, years long with no real recovery.
The problem we have today is that the dollar is only strong because of the reserve currency status. It seems though that that status is declining, which is bound to happen. When we lose that, this country, with exported jobs, uneducated idiots thanks to the teachers unions, a population that is heavy in debt (which was engineered by the FED since Greenspan) and it will be a very tough road.
But even with the deflation that was in the thirties, the deflation kept cash valuable. A nickel was a nickel. Today, a nickel is worth MORE than a nickel, in base metals.
People want value again. A piece of paper that is losing world wide influence (just look at Ozombie and the middle east) why wouldn’t a stronger currency be better?
We are already at or near Depression level unemployment as it is.
Not sure if you missed the point by accident or on purpose. I'm hoping it was the former so I'll try again.
Deflation does not keep cash "valuable", deflation increases cash's value. It means people lose their homes because the mortgages they planned to pay with a fourth of their wages now consume half.