So what is it about deflation that would be so bad?
In general it's thought that economies collapse due to a spiral of nobody wanting to spend money because it's worth more later.
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Has that been proven in practice, or is it just a common thought?
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I don't think I'm gonna eat today, I plan on eating twice as much next month.
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It just means you're probably not going to bulk-buy food items. If that's true, you're probably also not going to chuck away as much un-used food that you never got around to eating before the expiry date.
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Although I can definitely see deflation popping overvalued bubbles, but isn't it good to pop 'em early?
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Not for those who profit from them.
End of conversation
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