Hmm. Hyperinflation as rock and deflation as hard place?
Deflation is a bugaboo to Keynesians and oligarchic thinkers because declining prices, which are a net neutral market phenomenon, is not inflation which enriches those at the top, bankers and such, who are allied with the nations’ fiat money sources. Declining prices are a result of increased and more efficient production in a stable money world. As such they are not actually deflation. Keynesians and bankers, however, define prosperity as rising nominal prices and from that are prone to warp the markets into inefficiency but that always benefits the bankers. Government and bankers believe “proper” inflation to be about 3%, enough to give the bankers, etc. a continually increasing share of total wealth without having to produce more while maintaining stability of markets and societies.
What they call “deflation” is really a very very good thing.
But for statists, it is bad. It makes the much-discussed “economic indicators” go down, which small minds equate with declining prosperity. In a similar way, inflation is thought to be good, because it makes the numbers go up, which the uninformed think is a good thing.