Dear @hermeticgenetics

If anyone has ever told you that deflation was a ‘bad thing’, you were talking to a capitalist with no concern for the well being of the people that make up our society.

Indeed. I believe every capitalist who understand how world economy works would agree on that deflation can bring terrible consequences. And I disagree that being a capitalists means that people have no concern towards others. No offence, but your words sounds like those repeated in old days by communists.

Lowering costs caused by deflation results with banks not being able (and not willing) to provide loans to businesses and individuals. That in result turn everyone into saving mode and money flow is slowing down. Businesses would be failing and jobs would be lost in massive scale.

I'm sorry to say but your post is just a propaganda, and it's only proving quite limited knowledge about economics.

Yours, Piotr