Deflation isn't necessarily a problem. Prices for some things like computers and consumer electronics are constantly deflating. Compare the price of a large HDTV today versus 20 years ago. Or do the same with rechargeable batteries or solar panels, etc. Of course much of that deflation was driven by economies of scale in Asian manufacturing hubs and we can argue about whether that's a good thing, but the deflation itself was good.
Look at anything that the wealthy consider valuable: Jewelry, gold, real estate- all have undergone astronomical inflation.
You can’t go buy a nice oak table for less than you did 20 years ago. Or high quality tools (To get something like old Craftsman I need to import tools from Germany at 10x the price). No one notices because of the insidious nature of inflation. “Cheap TVs!” appear to be deflating and are the bread and circuses. Meanwhile a massive amount of wealth is being stolen.
