[slurry]

> Personally, I don't consider mild deflation to be any worse than mild inflation.

A priori this sounds reasonable.

But would you rather live/invest in 1990s Japan (mild deflation) or 1990s America (mild inflation)?

Mild deflation is absolutely terrible in practice. Mild inflation is good/not so bad.

[goodcanadian]

All else being equal, I don't consider mild deflation to be any worse than mild inflation.

Comparing 1990s Japan to 1990s America is not an "all else being equal" situation. Really, economics is such a complex beast, it would take an incredibly complicated analysis to demonstrate which is better.

[slurry]

I'd be interested to know of examples where sustained mild deflation has been accompanied by steadily high economic growth and steadily low unemployment.