>I want deflation to occur. There are enormous sectors where deflation is seen and everyone sees the obvious benefits[0]. But when it runs up against the work of the state printing money to finance the destruction of society, then deflation is seen as dangerous.
Greece has deflation and Japan is very close to deflation. Are those countries examples to look up to? I don't think so.
>The main argument the inflation lovers propose is, “well if the prices keep going down then people won’t buy anything as they’ll just wait longer for the product to get cheaper.”
The argument in favor of inflation is that future incomes are greater than past incomes, therefore inflation is a tax on old money and helps new people enter into the economy and encourage them to keep working. The other factor is that inflation is like a bluing dye used in machining. It shows the high spots that you have to scrape off to get a flat surface. It can therefore be used to reallocate limited resources to more productive sectors of the economy. Inflation is an incentive to invest your money, as otherwise it would sit in your bank account and do nothing except cause unemployment, which causes the productivity of the country to go down.
“well if the prices keep going down then people won’t buy anything as they’ll just wait longer for the product to get cheaper.”
We have reached a point where billionaires (and companies) have more money than they could possibly spend in a lifetime. One billionaire doing nothing with his money is equivalent to a million poor people ($1000 in their bank account) not doing something with their money. As inflation is a percentage it affects people proportional to their savings, billionaires lose the most and are forced to invest their money for the benefit of the rest of the economy. Meanwhile poor people lose the least, because they don't have that many savings to begin with and the loss that they experience would be more than recovered by finding a better paying job or by finding a job at all.
>[0] Electronics/computing is an extremely obvious sign of deflation. Prices lowered, or goods improved and everyone benefits.
With inflation incomes go up and prices stay roughly the same. Therefore you benefit from productivity growth but not by hoarding old money earned hundreds of years ago.
Meanwhile deflation works exactly the opposite way. The richer you are, the more you benefit from deflation. The earlier you have earned your money, the better.