Asset deflation is a good thing for wage earners. Inflation is the worst possible thing for anyone who works for their money, as it means the wealth of the peo

Asset deflation is a good thing for wage earners. Inflation is the worst possible thing for anyone who works for their money, as it means the wealth of the people who own assets (think 8-9 figure business portfolios, not a single residence) is skyrocketing away from the middle class in both relative and absolute terms.