Let's get real. Money supply August 4, 2008: $8,788,900M. March 17, 2014: $12,413,100M. Money supply growth's been steady for decades:
Deflation is a problem in an economy built on debtors.
If there are debtors then there are lenders. Economic activity means there are debtors and lenders. Deflation is a problem in an economy built on economic activity.
Heh. Good trick, using this new-fangled "MZM". Sort of like how the feds keep re-defining CPI.