Inflation is not deadly. We survive inflation on a daily basis.
Not much you can do to stop deflation,
Except increasing the money supply will stop deflation.
as it is part of the business cycle.
If it's part of the cycle, why don't we have it every few years?
You CAN stop inflation, though, by not being a damn fool and printing money it as a tool to alleviate deflation.
It's true, you don't stop inflation by printing money. Nobody is trying to stop inflation when the threat is deflation.
It is like setting off a nuclear device on your lawn because you don't like the gophers.
Worrying about inflation when deflation is the threat is like treating your hangnail and ignoring your heart attack.
Wouldn't this depend on whether you have lots of spare cash sitting around, or are heavily in debt?
If you have cash, you love deflation.
If you are in debt, you love inflation.