"Deflation is bad, because it causes things that are already happening, and no you can't have deflation"
The economy is already slowing down in real terms, unemployment and layoffs are way up, and businesses are already cutting hours and pay, so what would be sooo bad as to make deflation untenable, period?
"Deflation is bad, because it causes things that are already happening, and no you can't have deflation"
The economy is already slowing down in real terms, unemployment and layoffs are way up, and businesses are already cutting hours and pay, so what would be sooo bad as to make deflation untenable, period?