I don't understand why I should fear deflation. http://finance.yahoo.com/news/4-Reasons-To-Fear-usnews-2745725653.html?x=0 I have never understood why growth should continue indefinitely especially in a world like ours with limited resources. We've been in a growing economy for so long that I'm surprised that we haven't had a period of deflation long before.
Granted the article talks about deflation leading to unemployment. I'd like a job for sure but maybe since more and more people have no jobs and we can't find a thing for them to do that the unemployment means things must become cheaper so that people can afford them again.
The other thing the article says is that under normal conditions that debt becomes less over time in a normal economy while in a deflationary economy it grows. I call bull on that. Especially on interest rates that grow verses the inflation rate debt nearly always grows faster than inflation and when people have increased incentive not to fall into debt which I believe is a good trend then I can't think that deflation, at least deflation that reflects how the economy really is rather than where we think it ought to be is bad.
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