Deflation is not intrinsically good or bad. It just matters where you put your money. On each side of the equation, there are winners and losers. With inflation, holders of assets win, since the dollars in the future are worth less and it would therefore take more dollars to buy assets at a later date—like my parents and their first house. With deflation, holders of currency are the winners, since their dollars can buy more goods and services in the future than they could today.
