[bananabreakfast]

If you need a concrete example of why deflation is crushingly terrible for an economy look no further than Japan after the asset bubble burst in the 90s.

Deflationary thinking meant everyone expects prices to be lower tomorrow, so no one spent money on needed items and simply waited to make purchases to save money. This slowed down the economy into a death spiral that they still are climbing out of. Mortgages became crushing. You can't get a raise. Interest and deflation work together to make debt nearly inescapable.

The point of money is to be spent, i.e. facilitate the simple transfer of value. An excellent example of the direct damaging effects of deflation is bitcoin. No one spends it. It has utterly failed at its goal to become a primary mechanism to transfer value. Everyone expects its value to keep increasing so it is almost never transferred (to the point that hodling and never spending became a meme). Slowing down the exchange of money is what kills an economy.

[zeusk]

But inflation is also no good if salaries don't rise with it.

The way inflation is calculated is quite flawed from my understanding (they don't include rent/mortgage payments or college tuition - prices of which have exploded in the past two decades).

[StandardFuture]

But if salaries actually rose with inflation then there would be no inflation.

You are fundamentally misunderstanding the purpose of the modern central banking nonsense that the parrots you are replying to merely repeat without any understanding whatsoever of how absolutely devastating it is to the economic stability of the middle class.