> Deflation doesn't mean cheaper food and shelter. It's the literal definition of it. https://seekingalpha.com/article/4085479-food-deflation-hurts-grocery-in

> Deflation doesn't mean cheaper food and shelter. It's the literal definition of it. https://seekingalpha.com/article/4085479-food-deflation-hurts-grocery-industry https://seekingalpha.com/article/4085479-food-deflation-hurt... > So inflation hurts people that loan out more money than they owe: mostly banks and rich people. General controlled inflation doesn't hurt banks at all, they simply put their margin on top and that's the interest rate. In fact people are far more likely to use their services in a high inflationary environment. "Rich people" and large corporations are far more indebted than the average person, they disproportionally benefit compared to a simple wage earner purchasing a house or running a small business. Also the headline inflation rate and individual sectors are two entirely different beasts. If wage inflation moves nowhere but overall inflation goes up it's absurd to claim this benefits the poor and workers. It only encourages more people to borrow and speculate on assets in a feedback loop. Inflation is not some magical gift from the financial heavens bestowed upon the masses to balance out society, in fact it's the opposite.