Comment: Only in the twilight-zone

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Only in the twilight-zone

could deflation be bad for the people. Sure it may be bad for those TBTF multinational banks and corporations who control the markets, but who would complain that the paper they have in their pockets just increased their "value" by 2% per year? Deflation is only bad when it follows rampant inflation, and even then it is only bad in the short term for those who bought goods at an inflated price and have to sell at a lower price.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James