Deflation is not just a problem for "debtors". It's a basic and simple problem with the economy as a whole. The very basic problem is, if the 100 dollars I have

Deflation is not just a problem for "debtors". It's a basic and simple problem with the economy as a whole. The very basic problem is, if the 100 dollars I have in my wallet right now will be worth 110 dollars next year, I would naturally be disinclined to spend my money today? Now, one can debate whether economic growth model as understood today (where Growth == higher number of transactions) is the most desirable model of economic goodness or not. But so many other metrics of a happy economy (jobs, govt spending on public services, societal optimism etc.) are so tied up to a growing economy in the current model, that the only practical way this could be changed is via a huge political revolution... which has it's own problems. Given all that, it'll be hard for a reasonable thinker to welcome a permanent state of deflation. And fwiw, IMHO, it's no more than a thought exercise. We're nowhere near an actual permanent state of deflation.