### Comment:
That and humans can't understand deflation. You stop spending money, if money is expected to appreciate in value.

### REPLY:
The real problem with deflation is that you need to reduce wages. That will infuriate people even if they are still getting paid a larger real wage, because we hate when numbers go down. 
  
 People would rather make $50,000 with $50,000 of buying power in today's dollars than make $45,000 with $60,000 of buying power in today's dollars if last year's salary was $48,000.

### END.