We both know the Federal Reserve and .gov would start inflating like crazy people to prevent even the slightest hint of recession—especially in a presidential election year—that is why deflation cannot last long.
I agree, but if they allowed massive deflation, you’d have a depression. Realistically, the best we can hope for is -0.5% to +1.5% inflation to keep the fed from overreacting and hope real wages grow over the next 5 years.