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Inflation steals from lenders in favor of borrowers, because they can pay a loan back with less valuable money. Deflation reverses the advantage.

Government that issues debt, especially debt it has no intention to really repay, has a vested interest in ongoing inflation, as long as it does not get so high as to cause a political revolt.

Our Federal Reserve, a private corporation whose shareholders are exclusively financial institutions and not the government, has a policy of deliberate inflation, with a stated "target" of 2%.

The only way to kill the monstrous theft that inflation causes is to do away with fiat money.

Yep..when dollars are abundant, they are worth less. One only has to compare our currency to the rest of the world's and the gold market to figure out that the Fed is printing too much money.

Deflation is a good thing. What would be better...is if we stopped this fiat money scam.

Please allow me to add that fractional reserve banking allows private corporations to extend the fiat money inflation by also creating money out of thin air.

In the case of the US Dollar, this is made far worse where other nations peg their currency to the dollar. When, for example, a Panamanian bank extends a local loan, the local money it creates out of thin air is just as much part of the US money supply as any $20 bill we print up for a few cents. The reason is that money is fungible and once the Panamanian borrower gets his money, because of the dollar peg, it is has the same economic effect as if the bank had created dollars instead.

The flip side of money creation by fractional reserve bank loans is the equal amount of leverage on the contraction of the money supply when loans are reduced, either through policy or lack of demand.

The two policies of fiat money and fractional reserve banking guarantee a business cycle of expansion, boom and bust. Learn it, love it, live it, because too many people either want it that way, benefit from it, or just consider it to be the natural state of affairs.