A little moderate deflation is not bad. There was continuous economic growth with deflation in the USA after the American Civil War for ~2 decades. Macroeconom

A little moderate deflation is not bad. There was continuous economic growth with deflation in the USA after the American Civil War for ~2 decades. Macroeconomists really have no idea what they are doing - except, I believe them that a sudden drastic drop in the money supply is bad