> would deflation really be the worst thing that could happen to america? everyone likes the idea of goods/services/products/merchandise  being cheaper. sounds great. but you sell your labor (or other work)... you'll have to sell that cheaper too, won't you? if the company you work for has to sell their products for less, why would they continue to buy your productivity at the same price? and if they won't buy it at the same price (if they can't), then why would you think that your paycheck won't shrink faster than the prices at the grocery store?
United States