Your entire argument boils down to casting deflation as a boogie man. Prices decreasing is a GOOD thing. It allows you to afford more and better stuff. Exhibit

Your entire argument boils down to casting deflation as a boogie man. Prices decreasing is a GOOD thing. It allows you to afford more and better stuff. Exhibit A: the consumer electronics industry. Yes, deflationary collapses that are preceded by artificially induced inflationary booms cause massive pain. This is why we shouldn't have artificially induced inflationary booms. They massively misdirect resources and create a necessity for a massive restructuring, which is painful and destabilizing, but necessary and inevitable to return to economic viability. You are confusing the heroin with the withdrawal, the alcohol with the hangover, the sickness with the cure.