[ketsu]

You miss what the article says?

If you continue to make the same wage, and the price of goods goes down, well... you figure out.

I just asked this of my 6th-grader, and he got it right.

You never make the same wages in a deflationary spiral. That's the problem. If you have a bunch of hard capital(i.e. gold) then you're theoretically set, but then gubmint will make gold hoarding illegal and then you really are borked.

[muawiyah]

As part of his effort to combat a deflationary spiral Franklin Roosevelt CUT federal government employee pay.

I still have the pen around here where he signed the only pay raise he ever authorized.