[bpodgursky]

You absolutely have 4 backwards. Deflation is good for those rich enough to have money sitting around, and who can make money just by sitting on it and not investing it. Inflation is bad for the rich because suddenly they have to DO something with the money, or it disappears.

[jafaku]

Inflation is good for the rich's income. Deflation is good for the rich's savings. Seems like they win in both cases? Though I would argue they win more in the first case, since inflation don't necessarily force them to do something with the money. Eg: They could just sit on gold or real estate if they wanted to. But most rich people didn't get there by doing nothing, so they tend to do something anyway, no need to force them.