The progressive Fed and the Keynsian religion in academia have everyone fearing deflation.
Deflation is only a problem because of the huge government and private debts our leaders and the Federal Reserve have foisted on the nation.
In a world with real money, deflation would be a natural occurrence as average citizens would receive all the benefits of steadily increasing productivity and technology causing steadily lower prices.
It also means artificially lowered interest rates that reduce debt servicing costs. It makes me think that this more manipulation by the Fed and the banks.