[expat_panama]

Having experienced Jimmy Carter’s stagflation, deflation seems benign.

Those that went thru FDR's deflation would not want to use the word 'benign'.  Yeah, inflation's not as good as stable prices but ten percent deflation's a lot worse than ten percent inflation.

[sparklite2]

Compared to Carter’s inflation, what we have now is benign.
Maybe I didn’t state it well enough the first time.

[blam]

"Those that went thru FDR's deflation would not want to use the word 'benign'. "

My dad said no one had any money then.