Deflation is when goods and services cost less in the future and inflation is when goods and services cost more in the future.
The old media, the elite and politicians all say that deflation is bad, and you will always find pet economists appearing in the media to parrot this stance.
But let me ask you a question, how is things getting cheaper a bad thing for ORDINARY people?
For ordinary people deflation is not a problem, but inflation kills their savings and means they have to work harder in the future to buy the same goods as they can now.
Politicians love inflation because it erodes government debt (whilst also eroding peoples savings).
The elite love inflation because their profits go up and it forces ordinary people to pay more in the future and therefore work harder.
The old media love inflation because they are told exactly what to report by their masters, the politicians and elite.