Short version: Deflation benefits society by preventing malinvestment in ventures with a below-average (i.e., below-deflation) rate of return which would divert

Short version: Deflation benefits society by preventing malinvestment in ventures with a below-average (i.e., below-deflation) rate of return which would divert labor and materials from actually profitable investments. Long version: https://news.ycombinator.com/item?id=21457114 https://news.ycombinator.com/item?id=21457114