Hacker News Reader

Deflation is an economic disaster. The Great Depression, for example, was related to deflation.

I don’t know one way or another but what specifically are the pain points of deflation and how do those compare to the never ending inflation? I’ve lived under inflation all my life, it’s a slow creeping nearly sub threshold insidious process that erodes the value of money. Buy what is life like under deflation, is there pain but ultimate correction to a sane state? It feels like there is no correction to inflation.

In Japan it is known as The Lost Decades: https://en.wikipedia.org/wiki/Lost_Decades

There is no "sane state" that is eventually reached, it is always painful. For Japan, it took the financial innovation of negative interest rates to finally address it.

Reply on news.ycombinator.com