What would it take to shift the balance of inflation to restore the purchasing power of the penny? Just out of curiosity how does a government and a people and their economy go the other direction?
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.
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.
